Liana Pogosyan - Jul 10, 2023 Form 4/A Insider Report for Xos, Inc. (XOS)

Role
Acting Chief Financial Officer
Signature
/s/ Christen Romero, Attorney-in-Fact for Liana Pogosyan
Stock symbol
XOS
Transactions as of
Jul 10, 2023
Transactions value $
-$2,150
Form type
4/A
Date filed
4/29/2024, 04:16 PM
Date Of Original Report
Jul 12, 2023
Previous filing
Jun 14, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +7.94K +145.37% $0.00 13.4K Jul 10, 2023 Direct F1
transaction XOS Common Stock Sale -$2.15K -224 -1.67% $9.60 13.2K Jul 10, 2023 Direct F2, F3
* 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 nine (9) equal installments on each Monthly Vesting Date beginning on September 09, 2023. "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 11,737 unvested RSUs.

Remarks:

Ms. Pogosyan's Form 4, as originally filed on July 12, 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.