CIBC Private Wealth Group LLC filed an amended beneficial ownership statement with the SEC on November 9, 2026, disclosing a 5.6% position in EVgo Inc.'s Common Class A shares as of the event date of November 5, 2026.

Key Highlights

  • Reporting person: CIBC Private Wealth Group LLC, organized in Delaware, with a principal business address of 181 W Madison, Chicago, IL 60602.
  • Shares beneficially owned: 7,923,969 shares of EVgo Inc. Common Class A (CUSIP 30052F100).
  • Percent of class: 5.59%, as reported in the filing.
  • Voting and dispositive power: CIBC Private Wealth Group LLC holds sole voting power and sole dispositive power over all 7,923,969 shares, with no shared voting or dispositive power reported.
  • Relevant subsidiary: CIBC National Trust Company is identified as the subsidiary that acquired the securities being reported.
  • Event date: November 5, 2026, designated as the date of the event requiring this filing.
  • Certification: The filing certifies the securities "were acquired and are held in the ordinary course of business" and not for the purpose of changing or influencing control of the issuer.

CIBC Private Wealth Group's Position in EVgo's Public Charging Network Shares

According to the filing, CIBC Private Wealth Group LLC, classified as a parent holding company under the applicable rules, reported an aggregate beneficial ownership of 7,923,969 shares of EVgo Inc. Common Class A stock. EVgo Inc. is a public electric vehicle fast-charging network company whose principal executive offices are located at 1661 East Franklin Avenue, El Segundo, California 90245, and whose shares trade on NASDAQ:EVGO.

The filing is designated Amendment No. 1, indicating a prior statement was on record and that this submission updates the previously reported position. The relevant subsidiary through which the securities are held is identified as CIBC National Trust Company. CIBC Private Wealth Group LLC, as the parent holding company, reports both sole voting power and sole dispositive power over the full 7,923,969-share position, with no portion subject to shared control. The filing lists no applicable shared voting or shared dispositive power.

The statement was signed by Mary E. Antunes, Executive Director, Compliance, on behalf of CIBC Private Wealth Group LLC, on November 9, 2026. The filing further certifies, in the words of the document, that the holdings "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities." Items 5, 8, and 9, covering ownership of 5% or less, group membership, and group dissolution respectively, are each noted as "Not Applicable."

What Was Disclosed

CIBC Private Wealth Group LLC filed an amended Schedule 13G disclosing beneficial ownership of 7,923,969 shares, or 5.59%, of EVgo Inc.'s Common Class A stock as of November 5, 2026, with sole voting and dispositive control attributed to the reporting entity through subsidiary CIBC National Trust Company.