Robert Ferber - 10 May 2023 Form 4 Insider Report for Xos, Inc. (XOS)

Signature
/s/ Christen Romero, Attorney-in-Fact for Robert Ferber
Issuer symbol
XOS
Transactions as of
10 May 2023
Transactions value $
-$863
Form type
4
Filing time
12 May 2023, 16:45:11 UTC
Previous filing
12 Apr 2023
Next filing
14 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +1,037,037 +232% $0 1,483,176 10 May 2023 Direct F1
transaction XOS Common Stock Tax liability -$863 -1,599 -0.11% $0.54 1,481,577 10 May 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Twenty-five percent (25%) of the Restricted Stock Unit ("RSU") grant shall vest on April 10, 2024, and the remaining RSU grant shall vest ratably on each of the next thirty-six (36) Monthly Vesting Dates thereafter. "Monthly Vesting Dates" means the 10th of each month, provided, however, that to the extent any such date occurs on a weekend day or U.S. federal holiday, the Monthly Vesting Date will be deemed to occur on the immediately following day that is not a weekend day or U.S. federal holiday.
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 grant. Each RSU represents a contingent right to receive one share of common stock upon settlement.
F3 Includes 1,173,334 unvested RSUs. Each RSU represents a contingent right to receive one share of common stock upon settlement.