Dakota Semler - Dec 10, 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Chief Executive Officer, Director
Signature
Dakota Semler, by /s/ Christen Romero, Attorney-in-Fact
Stock symbol
XOS
Transactions as of
Dec 10, 2024
Transactions value $
-$13,278
Form type
4
Date filed
12/13/2024, 10:31 AM
Previous filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +46K +9.68% $0.00 521K Dec 10, 2024 Direct F1, F2
transaction XOS Common Stock Tax liability -$13.3K -3.58K -0.69% $3.71 518K Dec 10, 2024 Direct F2, F3
holding XOS Common Stock 0 Dec 10, 2024 See Footnote (4) F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Unit ("RSU") Award shall vest in six approximately equal installments on each of the six Monthly Vesting Dates starting with December 10, 2024 provided that the Reporting Person has not accepted a Salary Increase prior to such Monthly Vesting Date. "Monthly Vesting Date" means the 10th day of each calendar month. "Salary Increase" means the Reporting Person accepting any amount of salary from the Issuer above the rate that was in effect on October 28, 2024. 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 Includes 365,275 unvested RSUs.
F3 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.
F4 The Reporting Person had previously reported indirect beneficial ownership of shares held by GenFleet LLC, a limited liability company whose sole member is a trust of which the Reporting Person is a beneficiary, and by Emerald Green Trust, a trust of which the Reporting Person is a beneficiary. The Reporting Person is no longer reporting holdings of such entities, because the Reporting Person is not a beneficial owner of such shares within the meaning of Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended.