Singh Jagdeep CA 4

What Happened Jagdeep Singh, ChargePoint's CCXO, sold 2,562 shares of CHPT on March 23, 2026 at $5.30 per share, generating proceeds of $13,579. The sale is reported as an open market or private sale (code S) but, per the filing footnote, it was a mandatory "sell-to-cover" to satisfy tax withholding on vested restricted stock units—not a discretionary trade.

Key Details

• Transaction date and price: 2026-03-23 — 2,562 shares at $5.30 each.
• Proceeds: $13,579 (gross).
• Reason: Footnote F1 states shares were sold to cover tax withholding on RSU vesting (issuer-mandated sell-to-cover).
• Additional holding note: Footnote F2 notes 500 shares were acquired under the company ESPP on March 9, 2026 (exempt under Rule 16b-3).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Reported on 2026-03-23 (same day as the transaction date), indicating a timely filing.

Context Sell-to-cover transactions are routine administrative sales that occur when company equity vests and taxes must be withheld; they typically do not reflect the insider’s active decision to reduce exposure. This filing documents such a tax-related sale rather than a market-timed disposal.