Sarah Wyant - Dec 18, 2023 Form 3 Insider Report for Nxu, Inc. (NXU)

Role: Interim CFO
Signature: /s/ Jordan Christensen, as attorney-in-fact for Sarah Wyant
Stock symbol: NXU
Transactions as of: Dec 18, 2023
Transactions value $: $0
Form type: 3
Date filed: 12/26/2023, 04:15 PM
Next filing: Jan 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NXU	Class A Common Stock						87.8K	Dec 18, 2023	Direct	F1
holding	NXU	Class A Common Stock						6.65K	Dec 18, 2023	Direct	F2
holding	NXU	Class A Common Stock						13.9K	Dec 18, 2023	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The Reporting Person is eligible to receive an aggregate of 200,000 Restricted Stock Units, vesting in four equal monthly installments, beginning on the last day of the third quarter of 2023. On each of September 30, 2023, October 31, 2023 and November 30, 2023, the Reporting Person was granted 50,000 Restricted Stock Units, which vested on such dates. An aggregate of 62,192 shares of Class A Common Stock were sold to pay taxes. The Restricted Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.
F2	The Reporting Person is eligible to receive a number of Performance Stock Units with a value of up to 6.25% of the Reporting Person's total annual compensation each quarter for four quarters, subject to the Reporting Person's continuous service and certain other performance conditions, beginning on the last day of the third quarter of 2023. The number of Performance Stock Units granted is calculated by dividing the dollar value of the award by the closing share price on the first trading day immediately preceding the 15th day of the month prior to each vesting date. On September 30, 2023, the Reporting Person was granted 13,889 Performance Stock Units, which vested on such date, and 7,235 shares of Class A Common Stock were sold to pay taxes. The Performance Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.
F3	The Reporting Person is eligible to receive an aggregate of $10,000 of Restricted Stock Units, subject to the Reporting Person's continuous service, which vest in four equal quarterly installments, beginning on the last day of the third quarter of 2023. The number of Restricted Stock Units granted each quarter is calculated on the 15th day of the month prior to each vesting date by dividing $2,500 by the closing share price on the first trading day immediately preceding such date. On September 30, 2023, the Reporting Person was granted 13,889 Restricted Stock Units, which vested on such date. The Restricted Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.

Remarks:

Exhibit List: Exhibit 24 -- Power of Attorney