Xos CEO has shares withheld for RSU taxes
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. The company withheld 14,538 shares of common stock at $1.85 per share to cover tax obligations tied to the vesting of previously granted Restricted Stock Units (RSUs), rather than an open-market sale. After this withholding, Semler directly holds 877,061 common shares, including 499,430 unvested RSUs that may convert into additional shares as they vest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 14,538 | $1.85 | $27K |
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 499,430 unvested RSUs.
Key Figures
Key Terms
Restricted Stock Unit ("RSU") financial
tax withholding obligations financial
Form 4 regulatory
unvested RSUs financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Xos (XOS) CEO Dakota Semler report?
Was the Xos (XOS) CEO’s Form 4 transaction an open-market sale?
What do the unvested RSUs reported for Xos (XOS) CEO represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.