Xos COO reports tax-withholding share disposition
Xos, Inc. Chief Operating Officer and director Giordano Sordoni reported a routine tax-withholding share disposition tied to restricted stock vesting.
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Rhea-AI Filing Summary
Xos, Inc. Chief Operating Officer and director Giordano Sordoni reported a routine tax-withholding share disposition tied to restricted stock vesting. The company withheld 9,637 shares of common stock at $1.85 per share to cover tax obligations from previously granted RSU awards.
After this non-market transaction, Sordoni directly holds 1,636,043 shares of Xos common stock, which includes 492,795 unvested restricted stock units that may settle into additional shares over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,637 | $1.85 | $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
RSU financial
tax withholding obligations financial
tax-withholding disposition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Xos (XOS) report for Giordano Sordoni?
What does the Form 4 say about unvested RSUs for Xos (XOS) COO?
Was the Xos (XOS) insider transaction an open-market sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.