Mark Hanchett - Sep 15, 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: Sep 15, 2023
Transactions value $: $0
Form type: 4/A
Date filed: 4/19/2024, 09:37 PM
Date Of Original Report: Sep 19, 2023
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
holding	NXU	Class A Common Stock						26.5M	Sep 15, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On September 18, 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 September 15, 2023, the Reporting Person was granted 223,765 Restricted Stock Units, which will vest on September 30, 2023.

Content

On September 18, 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 September 15, 2023, the Reporting Person was granted 223,765 Restricted Stock Units, which will vest on September 30, 2023.