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

Reporting relationship: Chief Technology Officer
Issuer ticker: XOS
Reported as of: 20 Aug 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 24 Aug 2021, 17:04:44 UTC
Next SEC filing: 06 Jul 2022
Source filing: View source filing
Reporting owner signature: Robert Ferber, by /s/ Kim Merritt, Attorney-in-Fact

Key filing fact

Robert Ferber filed Form 4 for Xos, Inc. (XOS) on 24 Aug 2021.

Key facts

This page summarizes Robert Ferber's Form 4 filing for Xos, Inc. (XOS).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 24 Aug 2021, 17:04.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

XOS transaction

Common Stock

Award

Transaction value: $0
Shares: +427,971
Change %
Price: $0.000000
Shares after: 427,971
Date: 20 Aug 2021
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

XOS transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares: +550,248
Change %
Price
Shares after: 550,248
Date: 20 Aug 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 550,248
Exercise price: $0.0150
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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").

Footnote F2

25% of the stock option vested and became exercisable on April 10, 2020, and thereafter vest 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.

Footnote F3

Received in exchange for a Stock Option to purchase 500,000 shares of Xos Common Stock, of which 218,750 have been exercised.