Xos, Inc. (XOS) CEO has 14,538 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xos, Inc. Chief Executive Officer Dakota Semler reported a routine tax-related share withholding linked to equity compensation. The company withheld 14,538 shares of common stock at $1.77 per share to cover Semler’s tax obligations from vesting Restricted Stock Unit (RSU) awards.
After this non-market transaction, Semler directly holds 891,599 common shares and also has 526,885 unvested RSUs, which represent additional potential future shares as they vest and settle.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Semler Dakota
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 14,538 | $1.77 | $26K |
Holdings After Transaction:
Common Stock — 891,599 shares (Direct)
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 526,885 unvested RSUs.
Key Figures
Shares withheld for taxes: 14,538 shares
Withholding price per share: $1.77 per share
Shares held after transaction: 891,599 shares
+1 more
4 metrics
Shares withheld for taxes
14,538 shares
Withheld to satisfy tax obligations on RSU vesting
Withholding price per share
$1.77 per share
Value used for tax-withholding disposition
Shares held after transaction
891,599 shares
Direct Xos common stock holdings after withholding
Unvested RSUs
526,885 RSUs
Unvested Restricted Stock Units still outstanding
Key Terms
Restricted Stock Unit, RSU, tax withholding obligations, unvested RSUs
4 terms
Restricted Stock Unit financial
"previously reported Restricted Stock Unit ("RSU") Awards. Each RSU represents"
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.
RSU financial
"Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
tax withholding obligations financial
"withheld by the Issuer to satisfy the tax withholding obligations in connection"
unvested RSUs financial
"Includes 526,885 unvested RSUs."
FAQ
What did Xos (XOS) CEO Dakota Semler report in this Form 4 filing?
Dakota Semler reported a tax-withholding disposition of 14,538 Xos common shares. These shares were withheld by the company to satisfy taxes triggered by vesting Restricted Stock Unit (RSU) awards, rather than being sold in open-market transactions.
What are RSUs mentioned in the Xos (XOS) CEO’s Form 4 filing?
RSUs, or Restricted Stock Units, are share-based awards that vest over time. Each vested RSU converts into one share of Xos common stock upon settlement. The filing notes Semler’s transaction stemmed from vesting RSU awards, triggering tax-withholding shares.
How many unvested RSUs does the Xos (XOS) CEO still have?
The Xos CEO still holds 526,885 unvested RSUs. These unvested RSUs represent potential future Xos common shares that will be delivered if and when the units vest and settle according to their award terms.