Singh Jagdeep CA 4
4 · ChargePoint Holdings, Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
ChargePoint (CHPT) CCXO Jagdeep Singh Sells 2,562 Shares
What Happened Jagdeep Singh, ChargePoint's CCXO, sold 2,562 shares of CHPT on March 23, 2026 at $5.30 per share, generating proceeds of $13,579. The sale is reported as an open market or private sale (code S) but, per the filing footnote, it was a mandatory "sell-to-cover" to satisfy tax withholding on vested restricted stock units—not a discretionary trade.
Key Details
- Transaction date and price: 2026-03-23 — 2,562 shares at $5.30 each.
- Proceeds: $13,579 (gross).
- Reason: Footnote F1 states shares were sold to cover tax withholding on RSU vesting (issuer-mandated sell-to-cover).
- Additional holding note: Footnote F2 notes 500 shares were acquired under the company ESPP on March 9, 2026 (exempt under Rule 16b-3).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: Reported on 2026-03-23 (same day as the transaction date), indicating a timely filing.
Context Sell-to-cover transactions are routine administrative sales that occur when company equity vests and taxes must be withheld; they typically do not reflect the insider’s active decision to reduce exposure. This filing documents such a tax-related sale rather than a market-timed disposal.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-23$5.30/sh−2,562$13,579→ 122,565 total
Footnotes (2)
- [F1]The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F2]Includes 500 shares acquired under the Issuer's Employee Stock Purchase Plan on March 9, 2026, in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).