Jessica Billingsley - 15 Sep 2023 Form 4 Insider Report for Nxu, Inc. (NXU)

Role: Director
Signature: /s/ Apoorv Dwivedi, as attorney-in-fact
Issuer symbol: NXU
Transactions as of: 15 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 19 Sep 2023, 22:37:23 UTC
Previous filing: 10 Jul 2023
Next filing: 27 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXU	Class A Common Stock	Award		+194,444			194,444	15 Sep 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person is eligible to receive $35,000 of Restricted Stock Units each quarter. The number of Restricted Stock Units granted each quarter will be calculated by dividing $35,000 by the closing share price on the first trading day immediately preceding the 15th day of the last month of each quarter, and will vest on the last business day of such quarter. On September 15, 2023, the Reporting Person was granted 194,444 Restricted Stock Units, which vest on September 30, 2023.
F2	Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc.

Content

The Reporting Person is eligible to receive $35,000 of Restricted Stock Units each quarter. The number of Restricted Stock Units granted each quarter will be calculated by dividing $35,000 by the closing share price on the first trading day immediately preceding the 15th day of the last month of each quarter, and will vest on the last business day of such quarter. On September 15, 2023, the Reporting Person was granted 194,444 Restricted Stock Units, which vest on September 30, 2023.

Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc.