George N. Mattson - Jul 12, 2023 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Director
Signature
/s/ Christen Romero, Attorney-in-Fact for George N. Mattson
Stock symbol
XOS
Transactions as of
Jul 12, 2023
Transactions value $
$0
Form type
4
Date filed
7/13/2023, 06:46 PM
Previous filing
Jun 20, 2023
Next filing
Sep 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +26.5K +3.29% $0.00 832K Jul 12, 2023 Direct F1, F2
holding XOS Common Stock 3.97M Jul 12, 2023 NGAC GNM Feeder LLC F3
holding XOS Common Stock 1M Jul 12, 2023 GNM ICBC LLC F4
* 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 Q2 2023 and calculated as of July 11, 2023.
F2 Includes 482,597 unvested RSUs. Each RSU represents a contingent right to receive one share of the Issuer's 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.
F4 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.