Form 4: Emerald Green Trust Sells Xos Stock via 10b5-1 Plan

Emerald Green Trust, a 10% owner of Xos, Inc., executed pre-planned sales of 30,275 common shares in early September 2025, reducing its beneficial ownership.

Summary

• Emerald Green Trust, a 10% owner of Xos, Inc., sold a total of 30,275 shares of common stock across three separate transactions in September 2025.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 27, 2025.
• The transactions occurred on September 4, 2025 (13,110 shares at a weighted average price of $2.2758), September 5, 2025 (5,479 shares at a weighted average price of $2.3042), and September 8, 2025 (11,686 shares at a weighted average price of $2.2871).
• Following these transactions, Emerald Green Trust's beneficial ownership in Xos, Inc. stands at 1,606,922 shares of common stock.

Sentiment

Score: 5

Explanation: The sale of shares by a 10% owner is generally a neutral to slightly negative signal. However, the execution under a pre-established Rule 10b5-1 plan mitigates the negative implications, suggesting the sales are for diversification or liquidity rather than a reaction to adverse company-specific news.

Positives

• The sales were executed under a pre-established Rule 10b5-1 trading plan, indicating the transactions were scheduled and not a reaction to recent non-public information, which mitigates the negative signal typically associated with insider selling.

Negatives

• A 10% owner reducing their stake, even through a pre-planned arrangement, can be perceived by some investors as a signal of reduced conviction or a move towards diversification.

Risks

• Potential for negative market sentiment or downward pressure on Xos, Inc.'s stock price due to a significant owner reducing their holdings.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The transaction being reported was effected pursuant to a previously established Rule 10b5-1 trading plan adopted by the Reporting Person on May 27, 2025.
• The Reporting Person will provide upon request, to the SEC, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Industry Context

This filing is a routine insider transaction disclosure and does not provide information directly related to broader industry trends or competitive landscape for Xos, Inc.

Related Party Transactions

• Emerald Green Trust, a 10% owner of Xos, Inc., sold 30,275 shares of Xos, Inc. common stock.

Stakeholder Impact

• Shareholders may interpret the sales by a significant owner as a signal, potentially influencing their perception of the stock's value or future prospects. The 10b5-1 plan context helps clarify the nature of the sales.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing beyond the completion of the reported transactions.

Key Dates

Keywords

Xos Inc., XOS, Emerald Green Trust, Insider Selling, Form 4, 10b5-1 Plan, Stock Sale, Beneficial Ownership