Khan Badar 4

4 · EVgo Inc. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

EVgo CEO Khan Badar Exercises RSUs; Shares Withheld for Taxes

What Happened

Khan Badar, CEO of EVgo Inc., had RSUs vest on March 15, 2026 converting into 222,222 shares of Class A common stock (reported as derivative exercise/conversion). To satisfy tax withholding, 56,334 of those shares were withheld (disposed) at an effective withholding price of $2.08 per share, totaling $117,175. The RSU conversion carried no cash exercise price (reported at $0.00).

Key Details

Transaction date: March 15, 2026 (Form 4 filed March 17, 2026 — timely).
Conversion: 222,222 shares reported as exercise/conversion of derivative (Code M) at $0.00.
Tax withholding: 56,334 shares withheld (Code F) at $2.08 per share = $117,175.
Settlement price used to calculate withheld shares: closing price on March 13, 2026 (per footnote).
Awards: RSUs were granted under EVgo’s 2021 Long Term Incentive Plan; these RSUs vest in three equal annual installments beginning March 15, 2024 (per footnote).
Shares owned after the transaction: not specified in the provided filing summary.

Context

This was a routine RSU vesting and share-withholding to cover tax obligations — common for executive compensation and not an open-market sale. Code M indicates conversion/exercise of a derivative (here, RSUs), and Code F indicates shares withheld for taxes. Such transactions are generally administrative and do not by themselves indicate insider buying or selling sentiment.

Form 4

Period: 2026-03-15

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-03-15+222,222→ 1,102,937 total
Tax Payment
Class A Common Stock
[F2]
2026-03-15$2.08/sh−56,334$117,175→ 1,037,603 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-03-15−222,222→ 222,223 total
→ Class A Common Stock (222,222 underlying)

Footnotes (3)

[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]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/ Badar Khan, by Francine Sullivan, as Attorney-in-Fact|2026-03-17

1 file