Kingsley Afemikhe - Mar 9, 2022 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Chief Financial Officer
Signature
/s/ Christen Romero, Attorney-in-Fact for Kingsley Afemikhe
Stock symbol
XOS
Transactions as of
Mar 9, 2022
Transactions value $
-$23,686
Form type
4
Date filed
7/13/2022, 07:11 PM
Previous filing
Aug 24, 2021
Next filing
Apr 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +21.9K +8.47% $0.00 281K Mar 9, 2022 Direct F1
transaction XOS Common Stock Tax liability -$23.7K -8.97K -3.2% $2.64* 272K Mar 9, 2022 Direct F2
transaction XOS Common Stock Award $0 +340K +125.26% $0.00 612K Jul 11, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock upon settlement. The RSUs are fully vested as of the grant date.
F2 Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations in connection with the vesting of the RSU.
F3 Represents the grant of RSUs. Each RSU represents a contingent right to receive one share of Common Stock upon settlement. The RSUs vest as to 25% on April 10, 2023 and the remaining RSUs vest ratably on each of the next twelve (12) Quarterly Vesting Dates thereafter. "Quarterly Vesting Dates" mean each of March 10, June 10, September 10, and December 10, provided, however, that to the extent any such date occurs on a weekend day or U.S. federal holiday, the Quarterly Vesting Date will be deemed to occur on the immediately following day that is not a weekend day or U.S. federal holiday, subject to such Reporting Person's continuous service with the Issuer through such vesting date.