EVgo CEO Badar Khan Receives RSU Award of 796,813 Shares

What Happened

• Badar Khan, CEO of EVgo Inc. (EVGO), received a grant of 796,813 restricted stock units (RSUs) on September 25, 2026. The RSUs were granted at an acquisition price of $0 (a compensation award/derivative grant) and represent the contingent right to receive one share of Class A common stock per RSU upon vesting. This is a compensation award rather than a purchase or sale.

Key Details

• Transaction date: 2026-09-25; Form 4 filed: 2026-09-29 (filed within required reporting window).
• Security: 796,813 RSUs granted at $0.00 (derivative award).
• Vesting (see footnotes): One-third vests on the one-year anniversary of Feb 1, 2026 (Feb 1, 2027); the remaining two-thirds vest in eight substantially equal tranches on May 1, Aug 1, Nov 1 and Feb 1 thereafter, with full vesting on Feb 1, 2029, subject to continued employment.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 defines each RSU as the right to one share upon vesting; F2 describes the detailed multi-date vesting schedule and employment condition.

Context

• This is an equity compensation grant (award) and does not represent an immediate cash purchase or sale. RSUs only convert into actual shares if and when they vest; they are common long-term incentive pay for executives and should be viewed as part of executive compensation rather than a direct bullish or bearish trading signal.