Dakota Semler - 10 Aug 2024 Form 4/A - Amendment Insider Report for Xos, Inc. (XOS)

Role
Chief Executive Officer, Director
Signature
Dakota Semler, by /s/ Christen Romero, Attorney-in-Fact
Issuer symbol
XOS
Transactions as of
10 Aug 2024
Net transactions value
-$7,946
Form type
4/A - Amendment
Filing time
08 Nov 2024, 16:09:47 UTC
Date Of Original Report
13 Aug 2024
Previous filing
12 Jul 2024
Next filing
12 Sep 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 +262,944 +121% $0.000000 480,054 10 Aug 2024 Direct F1
transaction XOS Common Stock Tax liability $7,946 -1,531 -0.32% $5.19 478,523 10 Aug 2024 Direct F2, F3
holding XOS Common Stock 5,626 10 Aug 2024 GenFleet LLC F4
holding XOS Common Stock 1,791,530 10 Aug 2024 Emerald Green Trust F5
* 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 338,278 unvested RSUs.
F4 Shares held by GenFleet LLC. Mr. Semler may be deemed to beneficially own securities held by GenFleet, LLC by virtue of his indirect beneficial ownership interest in such entity.
F5 Shares held by Emerald Green Trust, of which Mr. Semler is a beneficiary.

Remarks:

This Amendment is being filed solely to correct an inadvertent error in the number of securities disposed of in the tax withholding transaction reported for August 10, 2024, as originally filed on August 13, 2024, which resulted in corresponding errors for the reported numbers of securities beneficially owned following such transaction and each transaction in the Reporting Person's Forms 4 dated September 10, 2024 and October 10, 2024. This Amendment reflects the corrected withholding amounts.