Sullivan Francine 4

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.