Apoorv Dwivedi - Sep 15, 2023 Form 4 Insider Report for Nxu, Inc. (NXU)

Signature
/s/ Annie Pratt as attorney-in-fact for Apoorv Dwivedi
Stock symbol
NXU
Transactions as of
Sep 15, 2023
Transactions value $
-$786
Form type
4
Date filed
4/19/2024, 09:35 PM
Previous filing
Sep 12, 2023
Next filing
Apr 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXU Class A Common Stock Award +66.7K +7.66% 937K Sep 15, 2023 Direct F1, F2, F3
transaction NXU Class A Common Stock Sale -$786 -19.7K -2.1% $0.04 917K Oct 19, 2023 Direct F1, F2, F4
transaction NXU Class A Common Stock Award +238K +25.97% 1.16M Oct 31, 2023 Direct F5
transaction NXU Class A Common Stock Award +417K +36.04% 1.57M Nov 30, 2023 Direct F5
transaction NXU Class A Common Stock Award +20K +1.27% 1.59M Dec 4, 2023 Direct F5
transaction NXU Class A Common Stock Award +30K +1.88% 1.62M Dec 4, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction is being reported later due to an inadvertent administrative error.
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 15, 2023, the Reporting Person was granted 66,667 Performance Stock Units, which vested on September 30, 2023. 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 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F4 Represents shares of Class A common stock sold to cover tax withholding obligations and other applicable fees in connection with the vesting and settlement of Performance Stock Units pursuant to mandatory "sell to cover" provisions contained in the Reporting Person's applicable Performance Stock Unit grant agreement, and does not represent a discretionary sale by the Reporting Person.
F5 These Restricted Stock Units were vested upon the Reporting Person's separation from the Company.