Giordano Sordoni - Aug 10, 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Signature
/s/ Christen Romero, Attorney-in-Fact for Giordano Sordoni
Stock symbol
XOS
Transactions as of
Aug 10, 2024
Transactions value $
-$9,845
Form type
4
Date filed
8/13/2024, 09:07 PM
Previous filing
Jul 12, 2024
Next filing
Sep 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +241K +26.89% $0.00 1.14M Aug 10, 2024 Direct F1
transaction XOS Common Stock Tax liability -$9.85K -1.9K -0.17% $5.19 1.14M Aug 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 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 319,145 unvested RSUs.