Xos (XOS) COO Sordoni settles RSU tax with 9,637 shares withheld
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sordoni Giordano
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,637 | $1.89 | $18K |
Holdings After Transaction:
Common Stock — 1,636,043 shares (Direct, null)
Footnotes (1)
- 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. Includes 492,795 unvested RSUs.
Key Figures
Tax-withheld shares: 9,637 shares
Withholding price: $1.89 per share
Shares held after transaction: 1,636,043 shares
+1 more
4 metrics
Tax-withheld shares
9,637 shares
Withheld to satisfy RSU-related tax obligations
Withholding price
$1.89 per share
Value used for RSU tax-withholding disposition
Shares held after transaction
1,636,043 shares
Direct common stock holdings following tax withholding
Unvested RSUs
492,795 units
Unvested Restricted Stock Units included in holdings
Key Terms
Restricted Stock Unit, tax withholding obligations, vesting, contingent right, +1 more
5 terms
Restricted Stock Unit financial
"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."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"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 Awards."
vesting financial
"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 Awards."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock upon settlement."
unvested RSUs financial
"Includes 492,795 unvested RSUs."
FAQ
What insider transaction did Xos (XOS) report for Giordano Sordoni?
Xos reported that COO Giordano Sordoni had 9,637 shares of common stock withheld to satisfy tax obligations from vesting RSU awards. This was a compensation-related tax settlement, not an open-market purchase or sale of shares.
Was the Xos (XOS) Form 4/A transaction an open-market sale?
No, the Form 4/A shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Xos to cover Giordano Sordoni’s tax liabilities arising from the vesting of previously granted Restricted Stock Unit awards.
What RSU position is disclosed for Giordano Sordoni in the Xos (XOS) filing?
The filing notes that Giordano Sordoni’s holdings include 492,795 unvested Restricted Stock Units. Each RSU represents a contingent right to receive one share of Xos common stock when the unit vests and is settled according to its award terms.
What does transaction code "F" mean in the Xos (XOS) Form 4/A?
Transaction code “F” indicates payment of tax liability or exercise price by delivering securities. In this case, 9,637 Xos shares were withheld to satisfy Giordano Sordoni’s tax withholding obligations tied to the vesting of his RSU awards.