Eric Batill, serving as General Counsel at ChargePoint Holdings, Inc. (NYSE: CHPT), executed a sale of 2,695 common shares on March 23, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were disposed of at $5.30 apiece, producing total proceeds of $14,283.
At the close of that transaction Batill continued to hold 78,610 shares of ChargePoint stock directly. The filing includes a footnote clarifying that these shares were sold to cover tax withholding obligations tied to the vesting and settlement of restricted stock units. ChargePoint’s equity incentive plan election mandates that such tax withholding obligations be met through a "sell to cover" mechanism.
The sale came while ChargePoint shares were trading close to a 52-week low of $5.20 and after the stock had declined roughly 60% over the past year. Public disclosures and market activity have left analysts and investors watching the company’s progress closely as it navigates the dynamics between revenue growth and ongoing losses.
Separately, ChargePoint disclosed its fourth-quarter 2026 financial results, reporting revenue of $109 million - a figure that aligns with the high end of the company’s guidance range. Despite that top-line gain, the company recorded a non-GAAP adjusted EBITDA loss of $18 million. Those results were included in the company’s latest financial disclosures and illustrate the continued challenge of converting revenue momentum into sustained profitability.
Investor-focused research noted in the filing points out that, according to InvestingPro analysis, the stock appears undervalued relative to Fair Value estimates at current market prices. That platform also offers 14 additional ProTips for CHPT to provide further perspective into the company’s financial profile and market position.
Taken together, the insider transaction and the quarterly disclosures highlight two strands of investor attention: the mechanics of equity compensation and required tax-related sales by insiders, and the broader corporate trajectory reflected in revenue and adjusted EBITDA. Analysts and shareholders remain focused on whether near-term revenue gains can be sustained and ultimately translate into improved profitability metrics.
All factual details in this report are drawn from the filing and the company’s disclosed quarterly results, which together frame the current narrative around ChargePoint’s stock performance and financial condition.