EVgo (EVGO) President Dennis G. Kish Receives RSU Award (29,312)

What Happened

• Dennis G. Kish, President of EVgo Inc., had 29,312 restricted stock units (RSUs) convert into common shares on August 10, 2026 (reported on Form 4 filed Aug 12, 2026). The conversion/vesting is recorded as a derivative exercise/conversion (code M) at $0.00 per share.
• To cover tax withholding (code F), 14,914 of those shares were withheld using the closing price of $1.59, producing approximately $23,713 in tax payment. That leaves roughly 14,398 shares delivered to Kish after withholding.
• This was a routine compensation vesting event (award conversion), not an open-market purchase or sale for investment purposes.

Key Details

• Transaction date: August 10, 2026; Form 4 filed August 12, 2026 (timely within the typical 2-business-day reporting window).
• Conversions/acquisitions: 29,312 shares converted from RSUs at $0.00 (code M).
• Tax withholding: 14,914 shares withheld at $1.59 = $23,713 (code F; closing price used per footnote).
• Net shares delivered to insider: ~14,398 shares (29,312 − 14,914).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1: These were RSUs granted under EVgo’s 2021 Long Term Incentive Plan; each RSU converts to one share upon vesting.
  • F2: The $1.59 price used to calculate withholding was the closing price on Aug 10, 2026.
  • F3: RSUs vest in three equal annual installments starting Aug 10, 2023; this appears to be a scheduled vesting installment.
• Filing timeliness: No late filing indicated.

Context

• This transaction is a standard vesting and tax-withholding event (a cashless/withholding settlement of RSUs). The M code denotes exercise/conversion of a derivative (here, RSUs converting to shares); the F code denotes shares withheld to cover tax liabilities.
• Such compensation-related transactions are common and generally reflect scheduled vesting rather than a deliberate buy or sell decision about the company’s stock. Purchases by insiders can be more informative about sentiment; routine vesting events mainly reflect compensation realization.