| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NXU | Class A Common Stock | Award | +46.3K | +11.37% | 453K | Sep 15, 2023 | Direct | F1, F2 | ||
| transaction | NXU | Class A Common Stock | Award | +417K | +91.92% | 870K | Sep 15, 2023 | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | The Reporting Person is eligible to receive an aggregate of $300,000 of Restricted Stock Units, which vest monthly in equal installments over thirty-six months. The number of Restricted Stock Units granted each month will be calculated by dividing $8,333.33 by the closing share price on the first trading day immediately preceding the 15th day of each month for thirty-six months from June 30, 2023 to May 31, 2026, and will vest on the last business day of such month. On September 15, 2023, the Reporting Person was granted 46,296 Restricted Stock Units, which vest on September 30, 2023. |
| F2 | Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc. |
| 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 September 15, 2023, the Reporting Person was granted 416,667 Restricted Stock Units, which vest on September 30, 2023. |