On January 7, 2024, Michael Hughes notified the Company of his intention to resign from his position as Chief Commercial and Revenue Officer, effective as of February 29, 2024. In connection with Mr. Hughes? resignation, on January 9, 2024, Mr. Hughes, the Company and its wholly owned subsidiary, ChargePoint, Inc., entered into a Transition and Separation Agreement and General Release (the ?Hughes Agreement?).

Under the terms of the Hughes Agreement, Mr. Hughes will continue to provide transition services through May 1, 2024 (the ?Transition Period?) and, during the Transition Period, will continue to receive payment of his base salary as in effect on his resignation date and participate in the Company?s welfare and retirement benefit plans, subject to the terms and conditions of those plans. Mr. Hughes? equity incentive awards will remain outstanding and continue to vest in accordance with their terms during the Transition Period.