Khan Badar 4

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.