Michael Kenhard - May 10, 2022 Form 3 Insider Report for XL Fleet Corp. (SPRU)

Role
CTO and VP of Engineering
Signature
/s/ Stacey Constas, Attorney in Fact
Stock symbol
SPRU
Transactions as of
May 10, 2022
Transactions value $
$0
Form type
3
Date filed
5/20/2022, 03:46 PM
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SPRU Common Stock 15.4K May 10, 2022 Direct F1
holding SPRU Common Stock 150K May 10, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SPRU Stock Option (right to buy) May 10, 2022 Common Stock 93K $6.28 Direct F3
holding SPRU Stock Option (right to buy) May 10, 2022 Common Stock 153K $6.27 Direct F4
holding SPRU Stock Option (right to buy) May 10, 2022 Common Stock 45.3K $6.49 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. As of the reporting date, 25% of the RSUs have vested. Subject to the reporting person's continued service through the vesting dates, 25% of the RSUs will vest on each of April 16, 2023, April 16, 2024 and April 16, 2025.
F2 The securities are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting dates, 100% of the RSUs will vest on April 21, 2023.
F3 As of the reporting date, options for 38,635 shares have vested. Options for 7,875 shares vest on each of June 8, 2022, June 8, 2023 and June 8, 2024. Options for 15,380 shares vest on each of March 8, 2023 and March 8, 2024.
F4 As of the reporting date, options for 53,646 shares have vested. Options for 7,506 shares vest on each of June 8, 2022, June 8, 2023 and June 8, 2024. Options for 15,380 shares vest on each of September 8, 2022, September 8, 2023 and September 8, 2024. Options for 15,381 shares vest on each of December 8, 2022 and December 8, 2023.
F5 As of the reporting date, options for 11,313 shares have vested. Options for 11,313 shares vest on each of April 16, 2023, April 16, 2024, and April 16, 2025.