Xos CEO reports tax withholding of 14,538 shares
Xos, Inc. Chief Executive Officer Dakota Semler reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Xos, Inc. Chief Executive Officer Dakota Semler reported a routine tax-related share disposition. On this Form 4, 14,538 shares of common stock were withheld by the company at $3.66 per share to cover tax obligations tied to previously granted Restricted Stock Unit (RSU) awards.
These shares were not sold in the open market, but retained by the issuer to satisfy withholding requirements when RSUs vested. After this transaction, Semler directly holds 832,523 shares of common stock, and the position also includes 471,975 unvested RSUs that may settle into additional shares over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 14,538 | $3.66 | $53K |
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 471,975 unvested RSUs.
Key Figures
Key Terms
Restricted Stock Unit ("RSU") Awards financial
tax withholding obligations financial
FAQ
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What did XOS CEO Dakota Semler report in the latest Form 4?
What are RSUs mentioned in the XOS Form 4 filing?
Does this XOS Form 4 indicate a change in insider confidence?
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