Jessica Billingsley - Dec 31, 2023 Form 4 Insider Report for Nxu, Inc. (NXU)

Role
Director
Signature
/s/ Jessica Billingsley
Stock symbol
NXU
Transactions as of
Dec 31, 2023
Transactions value $
-$103,189
Form type
4
Date filed
1/27/2025, 05:21 PM
Previous filing
Sep 19, 2023
Next filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXU Class A Common Stock Award +13.2K +1.68% 798K Dec 31, 2023 Direct F1, F2, F3
transaction NXU Class A Common Stock Sale -$103K -354K -44.36% $0.29 444K Nov 18, 2024 Direct F4
transaction NXU Class A Common Stock Disposed to Issuer $0 -148K -33.33% $0.00 296K Dec 20, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was granted 13,158 restricted stock units ("RSUs") for services as a director of Nxu, Inc. (the "Issuer") for the fourth quarter of 2023. The number of RSUs granted was calculated by dividing $35,000 by $2.66, the closing share price of Class A common stock, par value $0.0001 per share ("Common Stock"), of the Issuer on December 27, 2023, and vested on the last business day of such quarter.
F2 Each RSU represents a contingent right to receive one share of Common Stock.
F3 Reflects total number of shares of Common Stock beneficially owned by the reporting person inclusive of the transaction that occurred on December 31, 2023 but was inadvertently not reported. The reporting person also inadvertently underreported the total amount of securities beneficially owned by one share of Common Stock in her Form 4 filed on December 10, 2024, which share should have been included when calculating the number of shares beneficially owned by the reporting person after the Issuer's 1-for-150 reverse stock split effected on December 27, 2023.
F4 The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $0.2811 to $0.3199, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this footnote (4).