Britt E. Ide - May 15, 2023 Form 4 Insider Report for Nxu, Inc. (NXU)

Role: Director
Signature: /s/ Apoorv Dwivedi, as attorney-in-fact
Stock symbol: NXU
Transactions as of: May 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/18/2023, 06:55 PM
Previous filing: Feb 23, 2023
Next filing: May 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXU	Class A Common Stock	Options Exercise		+375K			375K	Jun 30, 2023	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	NXU	Restricted Stock Unit	Award	$0	+322K		$0.00	322K	May 15, 2023	Class A Common Stock	322K		Direct	F1, F2
transaction	NXU	Restricted Stock Unit	Award	$0	+53K		$0.00	53K	Jun 15, 2023	Class A Common Stock	53K		Direct	F1, F3
transaction	NXU	Restricted Stock Unit	Options Exercise	$0	-53K	-100%	$0.00^*	0	Jun 30, 2023	Class A Common Stock	53K		Direct	F1, F3
transaction	NXU	Restricted Stock Unit	Options Exercise	$0	-322K	-100%	$0.00^*	0	Jun 30, 2023	Class A Common Stock	322K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc.
F2	On May 15, 2023, the Reporting Person was granted 321,968 Restricted Stock Units which vested on June 30, 2023.
F3	The Reporting Person is eligible to receive $35,000 of Restricted Stock Units each quarter. The number of Restricted Stock Units granted each quarter will be calculated by dividing $35,000 by the closing share price on the first trading day immediately preceding the 15th day of the last month of each quarter, and will vest on the last business day of such quarter. On June 15, 2023, the Reporting Person was granted 53,030 Restricted Stock Units, which vested on June 30, 2023.