Mark Hanchett - Aug 31, 2023 Form 4/A Insider Report for Nxu, Inc. (NXU)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jordan Christensen, as attorney-in-fact
Stock symbol
NXU
Transactions as of
Aug 31, 2023
Transactions value $
$0
Form type
4/A
Date filed
4/19/2024, 09:37 PM
Date Of Original Report
Sep 5, 2023
Previous filing
Aug 18, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NXU Class A Common Stock 6.35M Aug 31, 2023 Direct

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
holding NXU Restricted Stock Unit 0 Aug 31, 2023 Class A Common Stock 201K Direct F1, F2
* 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 On September 5, 2023, the Reporting Person filed a Form 4 which inadvertently reported the incorrect aggregate amount of Restricted Stock Units the Reporting Person is eligible to receive. This Form 4 is being filed to correct the footnote. The Reporting Person is eligible to receive an aggregate of $1,800,000 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 $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 201,389 Restricted Stock Units, which vested on August 31, 2023.

Remarks:

See Exhibit 24 - Power of Attorney