Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SOLO | Common Stock | Options Exercise | +667K | +327.87% | 870K | Mar 26, 2024 | Direct | F2 | ||
transaction | SOLO | Common Stock | Options Exercise | +875K | +100.57% | 1.75M | Mar 26, 2024 | Direct | F4 | ||
transaction | SOLO | Common Stock | Disposed to Issuer | -1.75M | -100% | 0 | Mar 26, 2024 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SOLO | Restricted Share Units | Options Exercise | $0 | -667K | -100% | $0.00* | 0 | Mar 26, 2024 | Common Stock | 667K | Direct | F2, F3 | |
transaction | SOLO | Performance Share Units | Options Exercise | $0 | -438K | -100% | $0.00* | 0 | Mar 26, 2024 | Common Stock | 438K | Direct | F4, F5 | |
transaction | SOLO | Performance Share Units | Options Exercise | $0 | -219K | -100% | $0.00* | 0 | Mar 26, 2024 | Common Stock | 219K | Direct | F4, F6 | |
transaction | SOLO | Performance Share Units | Options Exercise | $0 | -219K | -100% | $0.00* | 0 | Mar 26, 2024 | Common Stock | 219K | Direct | F4, F7 |
Susan E. Docherty is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | On March 26, 2024, Xos, Inc. ("Xos") acquired all of the issued and outstanding common shares (the "ElectraMeccanica Shares") of Electra Meccanica Vehicles Corp. ("ElectraMeccanica") pursuant to a plan of arrangement (the "Plan of Arrangement") under the Business Corp orations Act (British Columbia) (the "Arrangement"). Under the terms of the arrangement agreement, dated January 11, 2024, by and between ElectraMeccanica and Xos (as amended, the "Arrangement Agreement"), and the Plan of Ar rangement, at the effective time of the Arrangement (the "Effective Time"), each ElectraMeccanica Share outstanding immediately prior to the Effective Time was transferred to Xos in exchange for 0.0143739 shares of Xos common stock. |
F2 | Each restricted share unit ("RSU") represented a contingent right to receive one ElectraMeccanica Share upon vesting. Pursuant to the Arrangement Agreement, each RSU that was outstanding immediately prior to the Effective Time vested and was settled by ElectraMeccanica in exchange for one ElectraMec canica Share. |
F3 | On December 5, 2022, the reporting person was granted a total of 1,000,000 RSUs, which were to vest in three equal annual installments from the grant date. |
F4 | Each performance share unit ("PSU") represented a contingent right to receive one ElectraMeccanica Share upon vesting. Pursuant to the Arrangement Agreement, each PSU that was outstanding immediately prior to the Effective Time vested and was settled by ElectraMeccanica in exchange for one ElectraMec canica Share. |
F5 | On December 5, 2022, the reporting person was granted a total of 437,500 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $5.00 or greater. |
F6 | On December 5, 2022, the reporting person was granted a total of 218,750 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $6.00 or greater. |
F7 | On December 5, 2022, the reporting person was granted a total of 218,750 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $7.00 or greater. |