secwatch.observer — SEC 8-K summary
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Issuer:     ChargePoint Holdings, Inc. (CHPT)
CIK:        0001777393
Form:       8-K
Filed at:   2026-09-30T20:10:46+00:00
Accession:  0001628280-26-063975
Event type: litigation
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4.1-flash:cloud@v2

ChargePoint to pay $11M cash to settle 2023 securities class action; no admission of wrongdoing
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- Term Sheet dated Sept 28, 2026 settles Farooq Khan v. ChargePoint Holdings, Inc. et al., No. 5:23-cv-06172-NW, in the U.S. District Court for the Northern District of California.
- ChargePoint will fund an $11,000,000 cash settlement payment, placed in escrow no later than 21 days after preliminary court approval or receipt of complete payment instructions.
- Settlement covers the company and individual defendants: former CEO Pasquale Romano, former CFO Rex Jackson and former Chief Commercial and Revenue Officer Michael Hughes; all deny wrongdoing.
- Company expects to execute a final Settlement Agreement and move for preliminary approval within 30 calendar days of signing the Term Sheet; the deal requires Court approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777393/000162828026063975/0001628280-26-063975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777393/000162828026063975/chpt-20260928.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063975

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