EVGO EVgo Inc. Insider Trading

10% owner EVgo Holdings sells entire 23,000,000 share stake at $5.00 for $115.0M, exiting company entirely

EVgo Holdings, a 10% owner, completely liquidated its entire position of 23,000,000 shares at $5.00 per share on 2024-12-18, reducing holdings from 23,000,000 shares to zero shares. The transaction totaled $115,000,000.00 and represents a full divestiture by the major shareholder. The sale occurred at a price that is now -53.1% above the current price of $4.19, and the stock has declined -34.4% over the 30-day period and -41.8% over the 90-day period since the transaction. Against the context of the company's unprofitable full-year performance, negative net income of $-11,709,000.00 in the latest quarter despite strong revenue growth of +194.8% year-over-year, the complete exit of a major institutional stakeholder signals a significant shift in capital structure and ownership composition.

Director David Nanus sold 23,000,000 shares of EVGO at $5.00 on 2024-12-18 for $115,000,000.00

Director David Nanus sold 23,000,000 shares (23.00M shares) at $5.00 for $115,000,000.00 on 2024-12-18, reducing his holdings by 79.6% from 28,882,352 shares to 5,882,352 shares. The transaction occurred at a price that is now 14.7% above the current market price of $4.36, which has declined 27.1% over the past 30 days and sits 51.2% below the 52-week high of $8.94. EVgo remains unprofitable with net income of $-11,709,000.00 against revenue of $67,535,000.00 in the latest quarter, though the company has achieved substantial 194.8% annual revenue growth. The substantial reduction in the director's stake, combined with the company's ongoing losses and recent sharp stock price weakness, highlights the divergence between near-term trading dynamics and the company's operational performance trajectory.

EVgo CEO Khan Badar sold 166,725 shares at $5.14 across 3 separate sales totaling $856,232.91

Khan Badar, as Chief Executive Officer, executed 3 separate sales on 2024-11-14, disposing of 166,725 shares at $5.14 per share for total proceeds of $856,232.91, reducing his holdings by 32.3% from 515,486 to 348,761 shares. The timing is notable within the context of recent stock performance: the company's shares have declined 43.4% from the 52-week high of $8.94 and are down 40.1% over the past 30 days, while Badar's prior buy at this ticker on 2024-05-13 generated strong 90-day returns of 82.0%, suggesting that trade was well-timed. The sale occurs as EVgo reported revenue of $67,535,000.00 in the latest quarter with a negative net income of $-11,709,000.00, indicating ongoing unprofitability despite annual revenue growth of 194.8%. This substantial CEO share reduction warrants investor attention given the magnitude of the position decrease and the stock's current depressed valuation relative to historical levels.