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STOCK TITAN

[Form 4] EVgo Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Francine Sullivan, Chief Legal Officer and EVP Corporate Development of EVgo Inc. (EVGO), reported the vesting of restricted stock units under the company’s 2021 Long Term Incentive Plan. On 08/10/2025 27,357 RSUs vested; each RSU represents the contingent right to receive one share of Class A common stock. As part of the vesting settlement, 10,765 shares were withheld to satisfy tax withholding using the closing price on 08/08/2025 to calculate the shares withheld at an effective amount of $3.46 per share.

Following these transactions the reporting person’s beneficial ownership of Class A common stock is reported as 218,210 shares. The RSU award vests in three equal annual installments on each of the first three anniversaries of 08/10/2023, subject to continued employment.

Francine Sullivan, Direttrice legale e Vicepresidente esecutiva per lo sviluppo aziendale di EVgo Inc. (EVGO), ha comunicato il vesting di unità azionarie vincolate previste dal Piano di Incentivi a Lungo Termine 2021 della società. In data 08/10/2025 sono maturate 27,357 RSU; ogni RSU rappresenta il diritto condizionato a ricevere una quota di azioni ordinarie di Classe A. Nell'ambito della liquidazione del vesting sono state trattenute 10,765 azioni per coprire le ritenute fiscali, calcolate sul prezzo di chiusura del 08/08/2025 con un importo effettivo di $3.46 per azione.

A seguito di queste operazioni, la partecipazione effettiva della persona segnalante in azioni ordinarie di Classe A risulta pari a 218,210 azioni. L'assegnazione in RSU matura in tre rate annuali uguali, ciascuna al ricorrere dei primi tre anniversari del 08/10/2023, subordinata al mantenimento del rapporto di lavoro.

Francine Sullivan, Directora jurídica y vicepresidenta ejecutiva de Desarrollo Corporativo de EVgo Inc. (EVGO), informó la consolidación de unidades de acciones restringidas en virtud del Plan de Incentivos a Largo Plazo 2021 de la compañía. El 08/10/2025 vencieron 27,357 RSU; cada RSU representa el derecho contingente a recibir una acción ordinaria de Clase A. Como parte del ajuste por el vencimiento, se retuvieron 10,765 acciones para satisfacer la retención fiscal, calculadas con el precio de cierre del 08/08/2025 a un importe efectivo de $3.46 por acción.

Tras estas transacciones, la propiedad beneficiaria de la persona informante sobre acciones ordinarias de Clase A se reporta como 218,210 acciones. La concesión de RSU vence en tres pagos anuales iguales, en cada uno de los primeros tres aniversarios del 08/10/2023, sujeto a la continuidad en el empleo.

Francine Sullivan은 EVgo Inc. (EVGO)� 법률총괄(Chief Legal Officer) � 기업개발 수석부사장으로, 회사� 2021� 장기 인센티브 플랜� 따른 제한주식단위(RSU) 베스팅을 보고했습니다. 08/10/202527,357 RSU가 베스트되었으�, � RSU� 클래� A 보통� 1주를 받을 � 있는 조건부 권리� 나타냅니�. 베스� 정산� 일환으로 세금 원천징수� 위해 10,765주가 원천징수되었�, 원천징수 주식 수는 08/08/2025 종가� 기준으로 계산되어 주당 유효 금액은 $3.46입니�.

� 거래� 이후 보고자의 클래� A 보통주에 대� 실질� 소유� 218,210�� 보고됩니�. 해당 RSU 수상은 08/10/2023� � 번째, � 번째 � � 번째 기념일에 각각 동일� 비율� 3회에 걸쳐 베스트되�, 계속 근무가 조건입니�.

Francine Sullivan, directrice juridique et vice-présidente exécutive en charge du développement corporatif d'EVgo Inc. (EVGO), a déclaré l'acquisition (vesting) d'unités d'actions restreintes dans le cadre du plan d'incitation à long terme 2021 de la société. Le 08/10/2025, 27,357 RSU sont devenues acquises ; chaque RSU représente le droit conditionnel de recevoir une action ordinaire de Classe A. Dans le cadre du règlement, 10,765 actions ont été retenues pour couvrir les retenues fiscales, calculées sur la base du cours de clôture du 08/08/2025, pour un montant effectif de $3.46 par action.

À la suite de ces opérations, la détention bénéficiaire de la personne déclarante en actions ordinaires de Classe A s'élève à 218,210 actions. L'attribution de RSU acquiert droit en trois versements annuels égaux, à chacune des trois premières dates anniversaires du 08/10/2023, sous réserve de la continuation de l'emploi.

Francine Sullivan, leitende Juristin und Executive Vice President Corporate Development von EVgo Inc. (EVGO), meldete das Vesting von Restricted Stock Units im Rahmen des Long Term Incentive Plans 2021 der Gesellschaft. Am 08/10/2025 sind 27,357 RSU fällig geworden; jede RSU gewährt das bedingte Recht, eine Aktie der Klasse A zu erhalten. Im Zuge der Vesting-Abwicklung wurden 10,765 Aktien einbehalten, um die Steuerabzüge zu erfüllen; die einbehaltene Aktienanzahl wurde auf Basis des Schlusskurses vom 08/08/2025 berechnet, mit einem effektiven Betrag von $3.46 pro Aktie.

Nach diesen Transaktionen beträgt das wirtschaftliche Eigentum der meldenden Person an Klasse-A-Stammaktien 218,210 Aktien. Die RSU-Zuteilung wird in drei gleichen jährlichen Raten an den ersten drei Jahrestagen des 08/10/2023 fällig, vorbehaltlich eines fortbestehenden Beschäftigungsverhältnisses.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine officer compensation vesting with tax-withholding; modest ownership change, not materially transformative.

The Form 4 documents a standard vesting event for an executive under the 2021 Long Term Incentive Plan. The conversion of 27,357 RSUs into shares and the withholding of 10,765 shares for taxes reflect customary settlement mechanics rather than an acquisition or sale driven by liquidity needs. The post-transaction beneficial ownership of 218,210 Class A shares indicates continued equity alignment but does not by itself suggest a material change in control or ownership concentration.

TL;DR: Transaction is neutral for investors; it's compensation-related vesting with standard withholding at the closing price.

The disclosure states the RSUs vested on 08/10/2025 and that withholding was calculated using the closing price on 08/08/2025, resulting in a $3.46 per-share effective withholding figure for the reported shares. This is a routine internal compensation event and does not disclose any open-market purchases or sales that would signal trading intent. Investors should view this as executive compensation settlement rather than a market-moving insider trade.

Francine Sullivan, Direttrice legale e Vicepresidente esecutiva per lo sviluppo aziendale di EVgo Inc. (EVGO), ha comunicato il vesting di unità azionarie vincolate previste dal Piano di Incentivi a Lungo Termine 2021 della società. In data 08/10/2025 sono maturate 27,357 RSU; ogni RSU rappresenta il diritto condizionato a ricevere una quota di azioni ordinarie di Classe A. Nell'ambito della liquidazione del vesting sono state trattenute 10,765 azioni per coprire le ritenute fiscali, calcolate sul prezzo di chiusura del 08/08/2025 con un importo effettivo di $3.46 per azione.

A seguito di queste operazioni, la partecipazione effettiva della persona segnalante in azioni ordinarie di Classe A risulta pari a 218,210 azioni. L'assegnazione in RSU matura in tre rate annuali uguali, ciascuna al ricorrere dei primi tre anniversari del 08/10/2023, subordinata al mantenimento del rapporto di lavoro.

Francine Sullivan, Directora jurídica y vicepresidenta ejecutiva de Desarrollo Corporativo de EVgo Inc. (EVGO), informó la consolidación de unidades de acciones restringidas en virtud del Plan de Incentivos a Largo Plazo 2021 de la compañía. El 08/10/2025 vencieron 27,357 RSU; cada RSU representa el derecho contingente a recibir una acción ordinaria de Clase A. Como parte del ajuste por el vencimiento, se retuvieron 10,765 acciones para satisfacer la retención fiscal, calculadas con el precio de cierre del 08/08/2025 a un importe efectivo de $3.46 por acción.

Tras estas transacciones, la propiedad beneficiaria de la persona informante sobre acciones ordinarias de Clase A se reporta como 218,210 acciones. La concesión de RSU vence en tres pagos anuales iguales, en cada uno de los primeros tres aniversarios del 08/10/2023, sujeto a la continuidad en el empleo.

Francine Sullivan은 EVgo Inc. (EVGO)� 법률총괄(Chief Legal Officer) � 기업개발 수석부사장으로, 회사� 2021� 장기 인센티브 플랜� 따른 제한주식단위(RSU) 베스팅을 보고했습니다. 08/10/202527,357 RSU가 베스트되었으�, � RSU� 클래� A 보통� 1주를 받을 � 있는 조건부 권리� 나타냅니�. 베스� 정산� 일환으로 세금 원천징수� 위해 10,765주가 원천징수되었�, 원천징수 주식 수는 08/08/2025 종가� 기준으로 계산되어 주당 유효 금액은 $3.46입니�.

� 거래� 이후 보고자의 클래� A 보통주에 대� 실질� 소유� 218,210�� 보고됩니�. 해당 RSU 수상은 08/10/2023� � 번째, � 번째 � � 번째 기념일에 각각 동일� 비율� 3회에 걸쳐 베스트되�, 계속 근무가 조건입니�.

Francine Sullivan, directrice juridique et vice-présidente exécutive en charge du développement corporatif d'EVgo Inc. (EVGO), a déclaré l'acquisition (vesting) d'unités d'actions restreintes dans le cadre du plan d'incitation à long terme 2021 de la société. Le 08/10/2025, 27,357 RSU sont devenues acquises ; chaque RSU représente le droit conditionnel de recevoir une action ordinaire de Classe A. Dans le cadre du règlement, 10,765 actions ont été retenues pour couvrir les retenues fiscales, calculées sur la base du cours de clôture du 08/08/2025, pour un montant effectif de $3.46 par action.

À la suite de ces opérations, la détention bénéficiaire de la personne déclarante en actions ordinaires de Classe A s'élève à 218,210 actions. L'attribution de RSU acquiert droit en trois versements annuels égaux, à chacune des trois premières dates anniversaires du 08/10/2023, sous réserve de la continuation de l'emploi.

Francine Sullivan, leitende Juristin und Executive Vice President Corporate Development von EVgo Inc. (EVGO), meldete das Vesting von Restricted Stock Units im Rahmen des Long Term Incentive Plans 2021 der Gesellschaft. Am 08/10/2025 sind 27,357 RSU fällig geworden; jede RSU gewährt das bedingte Recht, eine Aktie der Klasse A zu erhalten. Im Zuge der Vesting-Abwicklung wurden 10,765 Aktien einbehalten, um die Steuerabzüge zu erfüllen; die einbehaltene Aktienanzahl wurde auf Basis des Schlusskurses vom 08/08/2025 berechnet, mit einem effektiven Betrag von $3.46 pro Aktie.

Nach diesen Transaktionen beträgt das wirtschaftliche Eigentum der meldenden Person an Klasse-A-Stammaktien 218,210 Aktien. Die RSU-Zuteilung wird in drei gleichen jährlichen Raten an den ersten drei Jahrestagen des 08/10/2023 fällig, vorbehaltlich eines fortbestehenden Beschäftigungsverhältnisses.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Sullivan Francine

(Last) (First) (Middle)
C/O EVGO INC.
1661 EAST FRANKLIN AVENUE

(Street)
EL SEGUNDO CA 90245

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EVgo Inc. [ EVGO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock(1) 08/10/2025 M 27,357 A $0 228,975 D
Class A Common Stock 08/10/2025 F 10,765 D $3.46(2) 218,210 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 08/10/2025 M 27,357 (3) (3) Class A Common Stock 27,357 $0.00 27,358 D
Explanation of Responses:
1. Restricted stock units ("RSUs") awarded under the Issuer's 2021 Long Term Incentive Plan (the "Plan"). Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Class A common stock, $0.0001 par value ("Class A Common Stock").
2. On August 10, 2025, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on August 8, 2025, the last trading day immediately preceding the vesting date, was the settlement price used to calculate the shares withheld.
3. The RSUs vest in three equal annual installments on each of the first three anniversaries of August 10, 2023, subject to the Reporting Person's continued employment through each vesting date.
Remarks:
Chief Legal Officer and EVP Corporate Development
/s/ Francine Sullivan 08/12/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Francine Sullivan report on Form 4 for EVGO?

The report shows 27,357 RSUs vested on 08/10/2025, with 10,765 shares withheld for taxes at an effective amount of $3.46 per share, leaving 218,210 shares beneficially owned.

What type of award vested for the EVGO reporting person?

The award was Restricted Stock Units (RSUs) granted under EVgo’s 2021 Long Term Incentive Plan, each RSU converting to one share of Class A common stock upon vesting.

How was the tax withholding calculated for the vested RSUs?

Withholding was calculated using the closing price on 08/08/2025, which produced an effective per-share withholding amount of $3.46 as reported.

What is the RSU vesting schedule disclosed in the filing?

The RSUs vest in three equal annual installments on each of the first three anniversaries of 08/10/2023, subject to continued employment.

Does the Form 4 show any open-market purchases or sales by the reporting person?

No. The Form 4 discloses vesting of RSUs and shares withheld to satisfy tax withholding; it does not report open-market purchases or sales in this filing.
Evgo Inc.

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479.50M
127.78M
5.19%
68.41%
20.52%
Specialty Retail
Services-automotive Repair, Services & Parking
United States
EL SEGUNDO