Jose Castaneda - Jan 10, 2023 Form 4 Insider Report for Xos, Inc. (XOS)

Role
VP, Business Development
Signature
/s/ Christen Romero, Attorney- in-Fact for Jose Castaneda
Stock symbol
XOS
Transactions as of
Jan 10, 2023
Transactions value $
$0
Form type
4
Date filed
1/12/2023, 03:32 PM
Previous filing
Feb 15, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +86.2K +48.39% $0.00 264K Jan 10, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock upon settlement. The RSUs vest as to 25% on January 10, 2024 and the remaining RSUs vest ratably on each of the next thirty six (36) Monthly Vesting Dates thereafter. "Monthly Vesting Dates" mean the 10th of each calendar month, provided, however, that to the extent any such date occurs on a weekend day or U.S. federal holiday, the Monthly 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 Includes 219,929 unvested RSUs. Each RSU represents a contingent right to receive one share of common stock upon settlement.