Bercovich Michael 4
4 · Blink Charging Co. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Blink Charging (BLNK) CFO Michael Bercovich Receives RSU Awards, Shares Withheld
What Happened
- Michael Bercovich, Chief Financial Officer of Blink Charging (BLNK), received multiple restricted stock unit (RSU) grants on 2026-06-30 totaling 1,077,896 RSUs (reported acquisition price $0).
- To satisfy tax withholding on vested RSUs, 35,856 shares were withheld (disposed) at reported withholding rates of $0.65 (9,709 shares, $6,311) and $0.61 (26,147 shares, $15,892), totaling $22,203.
- These are awards (A) and tax-withholding disposals (F) — not open-market purchases or sales by the insider.
Key Details
- Transaction date: 2026-06-30 (filed 2026-07-02). No late filing flag provided in the supplied data.
- Grants recorded: total 1,077,896 RSUs (each RSU represents the right to one share; reported at $0 on Form 4).
- Shares withheld for taxes: 35,856 shares; proceeds/withholding value reported as $22,203 (9,709 @ $0.65; 26,147 @ $0.61).
- Shares owned after transaction: not specified in the provided excerpt.
- Transaction codes: A = award/grant; F = tax withholding following vesting.
- Relevant footnotes: multiple RSU types with different vesting conditions — time-based vesting (one-third immediate, remaining in annual installments), performance/price-based vesting (stock-price hurdles over specified trading-day periods), acceleration on change in control in some cases, and vesting tied to remediation of internal control weaknesses.
Context
- These entries reflect equity compensation (RSUs) granted subject to vesting and performance conditions, and a routine withholding of shares to cover tax obligations — common and not the same as an insider buying or selling stock for investment purposes.
- The derivative-designated entries refer to contingent RSUs (rights to receive shares if/when vesting conditions are met), not option exercises or open-market trades.
Insider Transaction Report
Form 4
Bercovich Michael
Chief Financial Officer
Transactions
- Award
Common Stock, par value $0.001 per share ("Common Stock")
[F1]2026-06-30+64,904→ 295,421 total - Tax Payment
Common Stock
[F2]2026-06-30$0.65/sh−9,709$6,311→ 285,712 total - Award
Common Stock
[F3]2026-06-30+302,817→ 588,529 total - Tax Payment
Common Stock
[F4]2026-06-30$0.61/sh−26,147$15,892→ 562,382 total - Award
Restricted Stock Units
[F5]2026-06-30+64,904→ 64,904 total→ Common Stock (64,904 underlying) - Award
Restricted Stock Units
[F6]2026-06-30+575,352→ 575,352 total→ Common Stock (575,352 underlying) - Award
Restricted Stock Units
[F7]2026-06-30+69,919→ 69,919 total→ Common Stock (69,919 underlying)
Footnotes (7)
- [F1]The Reporting Person received restricted stock units granted under the Issuer's 2018 Incentive Compensation Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in three equal increments, one-third of which vested immediately and the remaining two-thirds to vest on the first and second anniversaries of April 14, 2026, the date the Issuer's Board of Directors approved the grant, which was subject to stockholder approval to increase the number of shares reserved for issuance under the Plan (the "Amendment") at the Issuer's 2026 Annual Meeting of Stockholders held on June 30, 2026 (the "Annual Meeting"). The Issuer's stockholders approved the Amendment on June 30, 2026.
- [F2]This transaction represents the withholding of shares of Common Stock to satisfy the tax withholding obligations following the vesting of restricted stock units.
- [F3]The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in three annual increments on the first, second and third anniversaries of April 14, 2026, the date the Issuer's Board of Directors approved the grant, which was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026.
- [F4]This transaction represents the withholding of shares of Common Stock to satisfy the tax withholding obligations following the vesting of restricted stock units.
- [F5]The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in 25% increments if the closing price of the Issuer's Common Stock meets or exceeds $3.00, $5.00, $7.50 and $9.00 per share, respectively, for 90 consecutive trading days, with 100% acceleration of vesting upon a change in control if the stock price hurdle is not met or exceeded by the value of the consideration paid to the Issuer's common stockholders in the change in control transaction. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026.
- [F6]The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in full if the closing price of the Issuer's Common Stock meets or exceeds $2.25 per share for 60 trading days. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026.
- [F7]The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in full upon the resolution of material weaknesses in the Issuer's internal controls over financial reporting and the approval by the Issuer's Board of Directors. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026.
Signature
/s/ Michael Bercovich|2026-07-02