Edward J. Rapp - Jan 15, 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Director
Signature
/s/ Christen Romero, Attorney-in-Fact for Edward J. Rapp
Stock symbol
XOS
Transactions as of
Jan 15, 2024
Transactions value $
$0
Form type
4
Date filed
1/17/2024, 04:13 PM
Previous filing
Jan 3, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +650 +2.77% $0.00 24.1K Jan 15, 2024 Direct F1, F2, F3
holding XOS Common Stock 21.2K Jan 15, 2024 By Trust F4, F5
* 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 On December 6th, the common stock of Xos, Inc. reverse split 1-for-30, resulting in a decrease of 680,452 shares in the reporting person's ownership of common stock.
F3 Includes 15,450 unvested RSUs.
F4 On December 6th, 2023, the common stock of Xos, Inc. reverse split 1-for-30, resulting in a decrease of 613,997 shares in the reporting person's ownership of common stock
F5 Shares are held by the Edward Joseph Rapp TTEE U/A DTD 02/07/2005, of which the Reporting Person is trustee.