George N. Mattson - 30 Sep 2022 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Director
Signature
/s/ Christen Romero, Attorney-in-Fact for George N. Mattson
Issuer symbol
XOS
Transactions as of
30 Sep 2022
Net transactions value
$0
Form type
4
Filing time
04 Oct 2022, 16:10:54 UTC
Previous filing
14 Sep 2022
Next filing
05 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +5,911 +1.8% $0.000000 333,228 30 Sep 2022 Direct F1, F2
holding XOS Common Stock 3,973,525 30 Sep 2022 By LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares reported in this transaction represent Restricted Stock Units ("RSUs"). The RSUs reported vested immediately on the date of grant. The RSUs were issued to the director in lieu of their cash retainer for the director's service in Q3 2022 and calculated as of September 30, 2022.
F2 Includes 172,835 unvested RSUs. Each RSU represents a contingent right to receive one share of common stock upon settlement.
F3 Shares are held by NGAC GNM Feeder LLC ("NGAC"). The Reporting Person may be deemed to beneficially own such shares by virtue of his shared control over NGAC. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.