Dakota Semler - 10 Mar 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Signature
Dakota Semler, by /s/ Christen Romero, Attorney-in-Fact
Issuer symbol
XOS
Transactions as of
10 Mar 2024
Net transactions value
-$799
Form type
4
Filing time
12 Mar 2024, 21:40:47 UTC
Previous filing
13 Feb 2024
Next filing
12 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +11,574 +5.3% $0.000000 231,938 10 Mar 2024 Direct F1
transaction XOS Common Stock Tax liability $799 -64 -0.03% $12.48 231,874 10 Mar 2024 Direct F2, F3
holding XOS Common Stock 5,626 10 Mar 2024 GenFleet LLC F4
holding XOS Common Stock 1,791,530 10 Mar 2024 Emerald Green Trust F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Unit ("RSU") Award shall vest in six (6) equal installments on each Monthly Vesting Date beginning on April 10, 2024. "Monthly Vesting Date" means the 10th day of each month. Notwithstanding the foregoing, except as set forth below, vesting shall terminate upon the Participant's termination of Continuous Service, as described in Section 6(l) of the Agreement.
F2 Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations in connection with the vesting of the Reporting Person's previously reported RSU Award. Each RSU represents a contingent right to receive one share of common stock upon settlement.
F3 Includes 120,983 unvested RSUs.
F4 Shares held by GenFleet LLC. Mr. Semler may be deemed to beneficially own securities held by GenFleet, LLC by virtue of his indirect beneficial ownership interest in such entity.
F5 Shares held by Emerald Green Trust, of which Mr. Semler is a beneficiary.