Giordano Sordoni - 17 Jan 2023 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Chief Operating Officer, Director
Signature
/s/ Christen Romero, Attorney-in-Fact for Giordano Sordoni
Issuer symbol
XOS
Transactions as of
17 Jan 2023
Net transactions value
+$171,894
Form type
4
Filing time
19 Jan 2023, 19:39:18 UTC
Previous filing
13 Jul 2022
Next filing
23 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 Purchase $60,133 +56,729 +0.24% $1.06 23,731,629 17 Jan 2023 Direct F1, F2, F3
transaction XOS Common Stock Purchase $67,574 +66,905 +0.28% $1.01 23,798,534 18 Jan 2023 Direct F1, F3, F4
transaction XOS Common Stock Purchase $44,188 +44,634 +0.19% $0.9900 23,843,168 19 Jan 2023 Direct F1, F3, F5
* 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 $1.01 to $1.08. 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.
F3 Includes 408,163 unvested 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 April 10, 2023 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 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.
F4 Represents weighted average sales price. The shares were sold at prices ranging from $0.97 to $1.11. 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.
F5 Represents weighted average sales price. The shares were sold at prices ranging from $0.95 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.