Sullivan Francine 4
4 · EVgo Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
EVgo (EVGO) Chief Legal Officer Francine Sullivan Receives 74,074 Shares
What Happened
Francine Sullivan, Chief Legal Officer and EVP Corporate Development of EVgo (EVGO), had restricted stock units and performance stock units convert into 74,074 shares on March 15, 2026. No cash was paid to acquire the shares (acquisition reported at $0.00). To cover tax liabilities, 29,149 shares were withheld at a $2.08 settlement price (total withheld ≈ $60,630), leaving approximately 44,925 net shares delivered (market value based on $2.08 ≈ $93,444; gross value ≈ $154,074).
Key Details
- Transaction date: March 15, 2026 (Form 4 filed March 17, 2026 — timely)
- Vesting/conversion entries reported as code M (exercise/conversion of derivative) and withholdings reported as code F (payment of tax liability)
- Withholding price/settlement used: $2.08 per share (closing price on March 13, 2026 per footnote)
- Shares issued (gross): 74,074; shares withheld for taxes: 29,149; net shares delivered: ~44,925
- Tax withholding value: ~$60,630; implied gross value of vested shares: ~$154,074
- Shares owned after transaction: not specified in this filing
- Footnotes: RSUs and PSUs awarded under the 2021 Long Term Incentive Plan; PSUs are performance-based and vest subject to performance goals and service (see F1–F4)
Context
- This was a vesting/settlement of equity awards (RSUs/PSUs), not an open-market purchase or voluntary sale. The withholding (code F) is a routine tax-withholding step and not an indication of a separate sell decision.
- PSUs are performance-conditioned; the filing indicates a tranche vested/converted on March 15, 2026 per the plan footnotes.
Insider Transaction Report
Form 4
EVgo Inc.EVGO
Sullivan Francine
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-15+7,407→ 291,494 total - Tax Payment
Class A Common Stock
[F2]2026-03-15$2.08/sh−2,915$6,063→ 288,579 total - Exercise/Conversion
Class A Common Stock
[F1]2026-03-15+66,667→ 355,246 total - Tax Payment
Class A Common Stock
[F2]2026-03-15$2.08/sh−26,234$54,567→ 329,012 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-15−7,407→ 51,853 total→ Class A Common Stock (7,407 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-15−66,667→ 66,667 total→ Class A Common Stock (66,667 underlying)
Footnotes (4)
- [F1]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").
- [F2]On March 15, 2026, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on March 13, 2026 was the settlement price used to calculate the shares withheld.
- [F3]Performance-based restricted stock units ("PSUs") awarded under the Plan. Each PSU represents the contingent right to receive, upon vesting of the PSU, one share of Class A Common Stock. The PSUs generally vest in three equal installments on the first three anniversaries of March 15, 2024, provided that the applicable performance goal has been achieved by such date (and, if not, on the date the applicable performance goal is subsequently achieved), and subject to the continuous service of the Reporting Person through the applicable vesting date. The applicable performance goal for each tranche of PSUs will be satisfied if the Class A Common Stock achieves a specified per share price for such tranche calculated based on a 20-day volume-weighted average price at any time prior to March 15, 2029.
- [F4]The RSUs vest in three equal annual installments on each of the first three anniversaries of March 15, 2024, subject to the Reporting Person's continued employment through each vesting date.
Signature
/s/ Francine Sullivan|2026-03-17