Xos (XOS) CFO has 3,163 shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xos, Inc. Chief Financial Officer Liana Pogosyan reported a routine tax-related share withholding. On the transaction date, 3,163 shares of common stock were withheld by the company at a price of $1.85 per share to cover tax obligations arising from vesting of previously granted Restricted Stock Units (RSUs). After this disposition, she holds 163,752 common shares directly, which includes 112,911 unvested RSUs that may convert into additional shares as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pogosyan Liana
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,163 | $1.85 | $6K |
Holdings After Transaction:
Common Stock — 163,752 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 112,911 unvested RSUs.
Key Figures
Shares withheld for taxes: 3,163 shares
Withholding price per share: $1.85 per share
Shares held after transaction: 163,752 shares
+1 more
4 metrics
Shares withheld for taxes
3,163 shares
Tax-withholding disposition under code F for RSU vesting
Withholding price per share
$1.85 per share
Value used for tax-withholding on 3,163 shares
Shares held after transaction
163,752 shares
Direct common stock holdings after tax-withholding
Unvested RSUs included
112,911 RSUs
Unvested Restricted Stock Units included in post-transaction holdings
Key Terms
Restricted Stock Unit ("RSU") Awards, tax withholding obligations, transaction code F, contingent right to receive one share
4 terms
Restricted Stock Unit ("RSU") Awards financial
"vesting of the Reporting Person's previously reported Restricted Stock Unit ("RSU") Awards."
tax withholding obligations financial
"shares withheld by the Issuer to satisfy the tax withholding obligations in connection with the vesting"
transaction code F regulatory
"transaction_code": "F","transaction_type": "non-derivative""
FAQ
What insider transaction did Xos (XOS) report for CFO Liana Pogosyan?
Xos reported that CFO Liana Pogosyan had 3,163 common shares withheld to cover tax obligations. The shares were withheld in connection with the vesting of previously granted RSU awards rather than through an open-market sale.
Was the Xos (XOS) CFO’s Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Xos to satisfy tax obligations triggered by vesting of Restricted Stock Units previously awarded to the CFO.
What are RSUs as referenced in the Xos (XOS) Form 4 filing?
RSUs, or Restricted Stock Units, are share-based awards granting a contingent right to receive stock. In this filing, each RSU represents one share of Xos common stock deliverable upon settlement when vesting conditions are met by the CFO.
What transaction code appears in the Xos (XOS) CFO’s Form 4 and what does it mean?
The Form 4 uses transaction code F, indicating a tax-withholding disposition. This code means shares were surrendered or withheld by the issuer to pay taxes or exercise costs, rather than being bought or sold on the open market.