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Subsequent events
 3 Months Ended
Mar. 31, 2022
Subsequent events  
Subsequent events

Note 19 – Subsequent Events

Restricted Stock Units

In April 2022, the Company granted 2,004,459 restricted stock units to employees and members of the Board of Directors under the EVgo Inc. 2021 Long Term Incentive Plan. The fair value of the restricted stock units awarded was $25.3 million, which was estimated on the dates of grant based on the fair value of the Company’s Class A common stock, using similar methods and assumptions as those previously disclosed by the Company. Each award will vest based on

continued service, which is generally over a period of three years. The grant date fair value of the awards will be recognized as share-based compensation expense over the requisite service periods.

Stock Options

On April 1, 2022, the Company granted stock options covering 375,428 underlying shares of Class A common stock to employees with a fair value of approximately $3.3 million, which was estimated using the Black-Scholes option pricing model. The options vest over a three-year period and have a term of 10 years.

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