Mark Hanchett - Jun 15, 2023 Form 4 Insider Report for Nxu, Inc. (NXU)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Apoorv Dwivedi, as attorney-in-fact
Stock symbol
NXU
Transactions as of
Jun 15, 2023
Transactions value $
-$46,145
Form type
4
Date filed
8/18/2023, 06:55 PM
Previous filing
Aug 18, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXU Class A Common Stock Options Exercise +175K +0.67% 26.2M Jun 30, 2023 Direct F1
transaction NXU Class A Common Stock Options Exercise +69.4K +0.26% 26.3M Jul 30, 2023 Direct F1
transaction NXU Class A Common Stock Tax liability -$46.1K -159K -0.6% $0.29 26.1M Aug 9, 2023 Direct F2

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 +114K $0.00 114K Jun 15, 2023 Class A Common Stock 114K Direct F1, F3
transaction NXU Restricted Stock Unit Award $0 +61K $0.00 61K Jun 15, 2023 Class A Common Stock 61K Direct F1, F4
transaction NXU Restricted Stock Unit Options Exercise $0 -114K -100% $0.00* 0 Jun 30, 2023 Class A Common Stock 114K Direct F1, F3
transaction NXU Restricted Stock Unit Options Exercise $0 -61K -100% $0.00* 0 Jun 30, 2023 Class A Common Stock 61K Direct F1, F4
transaction NXU Restricted Stock Unit Award $0 +69.4K $0.00 69.4K Jul 15, 2023 Class A Common Stock 69.4K Direct F1, F5
transaction NXU Restricted Stock Unit Options Exercise $0 -69.4K -100% $0.00* 0 Jul 30, 2023 Class A Common Stock 69.4K Direct F1, F5
transaction NXU Restricted Stock Unit Award $0 +69.4K $0.00 69.4K Aug 15, 2023 Class A Common Stock 69.4K Direct F1, F6
* 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 The price in Column 4 is a weighted average price. The actual sales price for these transactions ranged from $0.20 to $0.30. The Reporting Person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F3 The Reporting Person is eligible to receive $75,000 of Restricted Stock Units each quarter. The number of Restricted Stock Units granted each quarter will be calculated by dividing $75,000 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 113,636 Restricted Stock Units, which vested on June 30, 2023.
F4 The Reporting Person is eligible to receive an aggregate of $1,800,000 of Restricted Stock Units, which vest monthly over thirty-six months. The number of Restricted Stock Units granted each month will be calculated by dividing 40,277.78 by the closing share price on the first trading day immediately preceding the 15th day of each month for thirty one (31) months beginning June 30, 2023 and will be calculated by dividing $110,277 by the closing share price on the first trading day immediately preceding the 15th day of each month for the final five (5) months from January 31, 2026 to May 31, 2026. On June 15, 2023, the Reporting Person was granted 61,027 Restricted Stock Units, which vested on June 30, 2023.
F5 The number of Restricted Stock Units granted each month will be calculated by dividing 40,277.78 by the closing share price on the first trading day immediately preceding the 15th day of each month for thirty one (31) months beginning June 30, 2023 and will be calculated by dividing $110,277 by the closing share price on the first trading day immediately preceding the 15th day of each month for the final five (5) months from January 31, 2026 to May 31, 2026. On July 15, 2023, the Reporting Person was granted 69,444 Restricted Stock Units, which vested on July 30, 2023.
F6 The number of Restricted Stock Units granted each month will be calculated by dividing 40,277.78 by the closing share price on the first trading day immediately preceding the 15th day of each month for thirty one (31) months beginning June 30, 2023 and will be calculated by dividing $110,277 by the closing share price on the first trading day immediately preceding the 15th day of each month for the final five (5) months from January 31, 2026 to May 31, 2026. On August 15, 2023, the Reporting Person was granted 69,444 Restricted Stock Units, which will vest on August 30, 2023.