Liana Pogosyan - Mar 10, 2024 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
Mar 10, 2024
Transactions value $
-$5,279
Form type
4/A
Date filed
4/29/2024, 04:31 PM
Date Of Original Report
Mar 12, 2024
Previous filing
Feb 13, 2024
Next filing
Apr 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +2.89K +32.51% $0.00 11.8K Mar 10, 2024 Direct F1
transaction XOS Common Stock Sale -$5.28K -423 -3.59% $12.48 11.4K Mar 10, 2024 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 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 6,535 unvested RSUs.

Remarks:

Ms. Pogosyan's Form 4, as originally filed on February 13, 2024, 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.