Hector Ruiz - Jul 2, 2024 Form 4 Insider Report for Canoo Inc. (GOEV)

Signature
/s/ Hector Ruiz
Stock symbol
GOEV
Transactions as of
Jul 2, 2024
Transactions value $
-$25,483
Form type
4
Date filed
7/5/2024, 04:05 PM
Previous filing
Feb 9, 2024
Next filing
Sep 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GOEV Common Stock Award $0 +180K +1445.78% $0.00 192K Jul 2, 2024 Direct F1, F2, F3
transaction GOEV Common Stock Sale -$25.5K -10.9K -5.68% $2.33 182K Jul 3, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units (RSUs). Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. The RSU's will vest as follows: 1/4th of the RSU shall vest upon grant and an additional 1/16th of the RSUs shall vest each quarter thereafter beginning on September 15, 2024, subject to the Reporting Person remaining in continuous service through each such date.
F2 Includes additional 130 shares acquired pursuant to the Canoo Inc. 2020 Employee Stock Purchase Plan.
F3 On March 8, 2024, the Issuer effected a 1-for-23 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
F4 Mandatory sale to cover applicable tax withholding obligations realized upon vesting of Restricted Stock Units.