Xos COO has shares withheld for RSU taxes
Xos, Inc. director and Chief Operating Officer Giordano Sordoni reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Xos, Inc. director and Chief Operating Officer Giordano Sordoni reported a routine tax-related share disposition. On this Form 4/A, 9,637 shares of common stock were withheld by the company at a price of $1.89 per share to cover tax obligations from vesting Restricted Stock Units (RSUs).
After this withholding, Sordoni directly holds 1,636,043 shares of Xos common stock, which includes 492,795 unvested RSUs that may convert into additional shares as they vest. This event reflects compensation-related tax settlement rather than an open-market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,637 | $1.89 | $18K |
Footnotes (2)
- F1. 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 Restricted Stock Unit ("RSU") Awards. Each RSU represents a contingent right to receive one share of common stock upon settlement.
- F2. Includes 492,795 unvested RSUs.
Key Figures
Key Terms
Restricted Stock Unit financial
tax withholding obligations financial
vesting financial
contingent right financial
unvested RSUs financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Xos (XOS) report for Giordano Sordoni?
Was the Xos (XOS) Form 4/A transaction an open-market sale?
What RSU position is disclosed for Giordano Sordoni in the Xos (XOS) filing?
What does transaction code "F" mean in the Xos (XOS) Form 4/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.