George N. Mattson - 10 Jul 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Director
Signature
/s/ Christen Romero, Attorney-in-Fact for George N. Mattson
Issuer symbol
XOS
Transactions as of
10 Jul 2024
Net transactions value
$0
Form type
4
Filing time
12 Jul 2024, 20:25:31 UTC
Previous filing
12 Apr 2024
Next filing
17 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +28,694 +94% $0.000000 59,224 10 Jul 2024 Direct F1, F2
transaction XOS Common Stock Award $0 +1,254 +2.1% $0.000000 60,478 10 Jul 2024 Direct F2, F3
holding XOS Common Stock 131,250 10 Jul 2024 NGAC GNM Feeder LLC F4, F5
holding XOS Common Stock 33,333 10 Jul 2024 GNM ICBC LLC F6
* 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"), each of which represents a contingent right to receive one share of the Issuer's common stock upon settlement. The RSUs vest on the earlier of (i) the first anniversary of the Grant date and (ii) the day of the Company's 2025 Annual Meeting, subject to the Reporting Person's continuous service with Xos, Inc. through the vesting date.
F2 Includes 29,330 unvested RSUs.
F3 Represents RSUs issued to the director in lieu of their cash retainer for the director's service in Q2 2024. The RSUs reported vested immediately on the date of grant.
F4 Due to a typographical error, the Reporting Person's ownership of common stock was previously reported incorrectly as 132,450 shares. The amount has been corrected on this form.
F5 Shares are held by NGAC GNM Feeder LLC ("NGAC"). The Reporting Person may be deemed to beneficially own such shares by virtue of his shared control over NGAC. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6 Shares are held by GNM ICBC LLC ("GNM ICBC"). The Reporting Person may be deemed to beneficially own such shares by virtue of his control over GNM ICBC. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.