George N. Mattson - Jan 15, 2024 Form 4 Insider Report for Xos, Inc. (XOS)

Role
Director
Signature
/s/ Christen Romero, Attorney-in-Fact for George N. Mattson
Stock symbol
XOS
Transactions as of
Jan 15, 2024
Transactions value $
$0
Form type
4
Date filed
1/17/2024, 04:15 PM
Previous filing
Oct 12, 2023
Next filing
Apr 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XOS Common Stock Award $0 +1.14K +3.97% $0.00 29.8K Jan 15, 2024 Direct F1, F2, F3
holding XOS Common Stock 132K Jan 15, 2024 NGAC GNM Feeder LLC F4, F5
holding XOS Common Stock 33.3K Jan 15, 2024 GNM ICBC LLC F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares reported in this transaction represent Restricted Stock Units ("RSUs"). The RSUs reported vested immediately on the date of grant. The RSUs were issued to the director in lieu of their cash retainer for the director's service in Q4 2023. Each RSU represents a contingent right to receive one share of common stock upon settlement.
F2 On December 6th, the common stock of Xos, Inc. reverse split 1-for-30, resulting in a decrease of 829,861 shares in the reporting person's ownership of common stock.
F3 Includes 15,450 unvested RSUs.
F4 On December 6th, 2023, the common stock of Xos, Inc. reverse split 1-for-30, resulting in a decrease of 3,841,075 shares in the reporting person's ownership of common stock.
F5 Shares are held by NGAC GNM Feeder LLC ("NGAC"). The Reporting Person may be deemed to beneficially own such shares by virtue of his shared control over NGAC. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6 On December 6th, the common stock of Xos, Inc. reverse split 1-for-30, resulting in a decrease of 966,667 shares in the reporting person's ownership of common stock.
F7 Shares are held by GNM ICBC LLC ("GNM ICBC"). The Reporting Person may be deemed to beneficially own such shares by virtue of his control over GNM ICBC. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.