George N. Mattson - 09 Jan 2023 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
09 Jan 2023
Net transactions value
+$180,343
Form type
4
Filing time
11 Jan 2023, 17:58:48 UTC
Previous filing
05 Jan 2023
Next filing
18 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Purchase $95,000 +100,000 +54% $0.9500 284,597 09 Jan 2023 GNM ICBC LLC F1, F2, F3
transaction XOS Common Stock Purchase $74,659 +74,659 +26% $1.00 359,256 10 Jan 2023 GNM ICBC LLC F1, F3, F4
transaction XOS Common Stock Purchase $10,684 +10,684 +3% $1.00 369,940 11 Jan 2023 GNM ICBC LLC F1, F3, F5
transaction XOS Common Stock Award $0 +13,888 +4.2% $0.000000 347,116 10 Jan 2023 Direct F6, F7
holding XOS Common Stock 3,973,525 09 Jan 2023 NGAC GNM Feeder LLC F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction being reported was effected pursuant to a previously established Rule 10b5-1 trading plan.
F2 Represents weighted average sales price. The shares were sold at prices ranging from $0.81 to $1.00. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, fullinformation regarding the number of shares sold at each separate price.
F3 Shares are held by GNM ICBC LLC ("GNM ICBC"). The Reporting Person may be deemed to beneficially own such shares by virtue of his control over GNM ICBC. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 Represents weighted average sales price. The shares were sold at prices ranging from $0.97 to $1.00. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, fullinformation regarding the number of shares sold at each separate price.
F5 Represents weighted average sales price. The shares were sold at prices ranging from $0.99 to $1.00. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F6 The shares reported in this transaction represent 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 Q4 2022 and calculated as of December 31, 2022.
F7 Includes 134,682 unvested restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
F8 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 disclaimsbeneficial ownership of such shares except to the extent of his pecuniary interest therein.