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

Signature
/s/ Christen Romero, Attorney-in-Fact for Giordano Sordoni
Issuer symbol
XOS
Transactions as of
10 Dec 2024
Transactions value $
-$12,265
Form type
4
Filing time
13 Dec 2024, 10:31:47 UTC
Previous filing
12 Nov 2024
Next filing
15 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +40.6K +3.58% $0.00 1.17M 10 Dec 2024 Direct F1, F2
transaction XOS Common Stock Tax liability -$12.3K -3.31K -0.28% $3.71 1.17M 10 Dec 2024 Direct F2, F3
* 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 341,084 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.