Dakota Semler - Aug 3, 2022 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Chief Executive Officer, Director
Signature
Dakota Semler, by /s/ Christen Romero, Attorney-in-Fact
Stock symbol
XOS
Transactions as of
Aug 3, 2022
Transactions value $
$0
Form type
4
Date filed
8/5/2022, 04:23 PM
Previous filing
Aug 24, 2021
Next filing
Apr 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +218K +7.55% $0.00 3.1M Aug 3, 2022 Direct F1
holding XOS Common Stock 53.7M Aug 3, 2022 See Footnote (2) F2
holding XOS Common Stock 502K Aug 3, 2022 See Footnote (3) F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an annual grant of Restricted Stock Units ("RSUs") to Mr. Semler for his service as Chief Executive Officer. Each RSU represents a contingent right to receive one share of Common Stock upon settlement. The RSUs vest as to 25% on April 10, 2023 and the remaining RSUs vest ratably on each of the next twelve (12) Quarterly Vesting Dates thereafter. "Quarterly Vesting Dates" mean each of March 10, June 10, September 10, and December 10, provided, however, that to the extent any such date occurs on a weekend day or U.S. federal holiday, the Quarterly Vesting Date will be deemed to occur on the immediately following day that is not a weekend day or U.S. federal holiday, subject to such Reporting Person's continuous service with the Issuer through such vesting date.
F2 Shares held by Emerald Green Trust, of which Mr. Semler is a beneficiary.
F3 Shares held by GenFleet LLC. Mr. Semler may be deemed to beneficially own securities held by GenFleet, LLC by virtue of his indirect beneficial ownership interest in such entity.