Kingsley Afemikhe - Aug 20, 2021 Form 4 Insider Report for Xos, Inc. (XOS)

Role: Chief Financial Officer
Signature: Kingsley Afemikhe, by /s/ Kim Merritt, Attorney-in-Fact
Stock symbol: XOS
Transactions as of: Aug 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/24/2021, 05:04 PM
Next filing: Jul 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XOS	Common Stock	Award	$0	+259K		$0.00	259K	Aug 20, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XOS	Stock Option (Right to Buy)	Award		+776K			776K	Aug 20, 2021	Common Stock	776K	$0.02	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Received pursuant to the Agreement and Plan of Merger, dated as of February 21, 2021, as amended on May 14, 2021, by and among NextGen Acquisition Corporation ("Acquiror"), Sky Merger Sub I, Inc., a Delaware corporation and wholly owned subsidiary of Acquiror ("Merger Sub") and Xos, Inc. ("Xos"), pursuant to which Merger Sub was merged with and into Xos, whereupon the separate existence of Merger Sub ceased and Xos became the surviving company and continued in existence as a subsidiary of Acquiror, which subsequently changed its name to Xos, Inc. (the "Issuer").
F2	25% of the stock option vested and became exercisable on August 1, 2021, and thereafter vests as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
F3	Received in exchange for a Stock Option to purchase 528,750 shares of Xos Common Stock, of which 132,187 have been exercised.