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Subsequent Events
9 Months Ended
Sep. 30, 2022
Subsequent Events  
Subsequent Events

Note 17 – Subsequent Events

In October 2022, the Company granted 510,999 restricted stock units to employees and other service providers under the 2021 Incentive Plan. The fair value of the restricted stock units awarded was $4.0 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. The awards will vest based on continued service, 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.

During October 2022, EVgo entered into the Nissan Amendment. As a result of the Nissan Amendment, the timing of revenue for the charging credit programs will shift during the contract term starting in the fourth quarter of 2022. See Note 9 for additional information, including regarding changes to the capital-build program under the Nissan Amendment.