Sullivan Francine 4
4 · EVgo Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
EVgo (EVGO) Chief Legal Officer Francine Sullivan Receives Vested RSUs
What Happened
- Francine Sullivan, Chief Legal Officer and EVP Corporate Development of EVgo (EVGO), had restricted stock units (RSUs) vest on February 1, 2026. A total of 112,892 shares were converted (exercise/conversion of derivatives), and 47,015 shares were withheld to satisfy tax liabilities (payment of exercise price/tax withheld) at $3.01 per share, resulting in $141,515 withheld. Net shares delivered to Sullivan after withholding were 65,877.
- The converted shares show an acquisition price of $0.00 (RSU vesting), and the withholding is coded as a disposition to cover taxes (code F).
Key Details
- Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (filed timely).
- Conversion/vesting entries coded M (exercise/conversion of derivative) with $0.00 acquisition price; tax withholding coded F at $3.01 per share.
- Gross converted shares: 112,892; shares withheld for taxes: 47,015; net shares received: 65,877; cash value withheld: $141,515.
- Footnotes: RSUs were awarded under EVgo’s 2021 Long Term Incentive Plan and vested per the reported schedules; the Jan 30, 2026 closing price was used to calculate shares withheld.
- Shares owned after the transaction were not specified on the Form 4.
Context
- This was an RSU vesting event, not an open-market sale or purchase. The withheld shares represent a routine tax withholding (cashless settlement) and do not by themselves indicate market buying or selling sentiment.
- Transaction codes: M indicates conversion/exercise of a derivative into shares; F indicates shares withheld to pay taxes.
Insider Transaction Report
Form 4
EVgo Inc.EVGO
Sullivan Francine
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-01+41,667→ 259,877 total - Tax Payment
Class A Common Stock
[F2]2026-02-01$3.01/sh−16,396$49,352→ 243,481 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-01+71,225→ 314,706 total - Tax Payment
Class A Common Stock
[F2]2026-02-01$3.01/sh−30,619$92,163→ 284,087 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-01−41,667→ 0 total→ Class A Common Stock (41,667 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-01−71,225→ 142,450 total→ Class A Common Stock (71,225 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 February 1, 2026, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on January 30, 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 February 1, 2023, subject to the Reporting Person's continued employment through each vesting date.
- [F4]The RSUs vest in three equal annual installments on each of the first three anniversaries of February 1, 2025, subject to the Reporting Person's continued employment through each vesting date. The Form 4 filed on March 18, 2025 reporting the RSU grant noted that such RSUs vested in three equal installments beginning on their grant date instead of February 1, 2025.
Signature
/s/ Francine Sullivan|2026-02-03