Alice Yake - 15 Jan 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Director
Signature
/s/ Christen Romero, Attorney- in-Fact for Alice Jackson
Issuer symbol
XOS
Transactions as of
15 Jan 2024
Net transactions value
$0
Form type
4
Filing time
17 Jan 2024, 16:11:32 UTC
Previous filing
13 Jul 2023
Next filing
12 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +325 +1.6% $0.000000 20,519 15 Jan 2024 Direct F1, F2, 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 Q4 2023. Each RSU represents a contingent right to receive one share of common stock upon settlement.
F2 The amount of securities beneficially owned following the reported transaction reflects a prior transfer of shares exempt from Section 16 of the Securities Exchange Act of 1934, as amended. In addition, on December 6th, 2023, the common stock of Xos, Inc. reverse split 1-for-30, resulting in a decrease of 585,669 shares in the reporting person's ownership of common stock.
F3 Includes 15,792 unvested RSUs.