Christen T. Romero - 10 Aug 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Signature
/s/ Christen Romero
Issuer symbol
XOS
Transactions as of
10 Aug 2024
Net transactions value
-$5,771
Form type
4
Filing time
13 Aug 2024, 21:05:25 UTC
Previous filing
26 Jul 2024
Next filing
12 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +153,374 +196% $0.000000 231,662 10 Aug 2024 Direct F1
transaction XOS Common Stock Tax liability $5,771 -1,112 -0.48% $5.19 230,550 10 Aug 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Approximately 33% of the Restricted Stock Unit ("RSU") Award shall vest on April 10, 2025 (the "Initial Vesting Date"), and the remainder of the RSU Award shall vest in twenty-four (24) approximately equal installments on each Monthly Vesting Date immediately following the Initial Vesting Date. "Monthly Vesting Date" means the 10th day of each month. Notwithstanding the foregoing, vesting shall terminate upon the Reporting Person's termination of continuous service, as described in Section 6(l) of the Global RSU Award 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 200,783 unvested RSUs.