Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NXU | Class A Common Stock | Award | +194K | +51.85% | 569K | Sep 15, 2023 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | 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 September 15, 2023, the Reporting Person was granted 194,444 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. |