Stuart Bernstein - Jul 10, 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Director
Signature
/s/ Christen Romero, Attorney-in-Fact for Stuart Bernstein
Stock symbol
XOS
Transactions as of
Jul 10, 2024
Transactions value $
$0
Form type
4
Date filed
7/12/2024, 08:28 PM
Previous filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +28.7K +133.87% $0.00 50.1K Jul 10, 2024 Direct F1, F2, F3
holding XOS Common Stock 4.13K Jul 10, 2024 See Footnote F4, F5
* 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 28,694 unvested RSUs.
F3 On December 6th, the common stock of Xos, Inc. reverse split 1-for-30, resulting in a decrease of 621,640 shares in the reporting person's ownership of common stock.
F4 On December 6th, the common stock of Xos, Inc. reverse split 1-for-30, resulting in a decrease of 119,880 shares in the reporting person's ownership of common stock
F5 The securities are held by Bernstein Investment Partners LLC, of which the Reporting Person is the Managing Member.