Liana Pogosyan - 12 Jun 2023 Form 4/A Insider Report for Xos, Inc. (XOS)

Signature
/s/ Christen Romero, Attorney-in-Fact for Liana Pogosyan
Issuer symbol
XOS
Transactions as of
12 Jun 2023
Net transactions value
-$2,621
Form type
4/A
Filing time
29 Apr 2024, 16:14:26 UTC
Date Of Original Report
14 Jun 2023
Previous filing
28 Jun 2023
Next filing
12 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Tax liability $2,621 -224 -3.9% $11.70 5,459 12 Jun 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Restricted Stock Unit ("RSU") Award. Each RSU represents a contingent right to receive one share of common stock upon settlement.
F2 Includes 4,186 unvested RSUs.

Remarks:

Ms. Pogosyan's Form 4, as originally filed on June 14, 2023, is being amended to correct 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. An error in tax withholding rates in connection with the vesting of the Reporting Person's RSU Awards in 2023 and 2024 was recently discovered and corrected. As a result, this Amendment reflects the corrected withholding amounts. In addition, on December 6th, 2023, the common stock of Xos, Inc. reverse split 1-for-30, which is reflected in this Amendment.