Form 4: Xos Director Sells Shares Under 10b5-1 Plan

Xos Director Michael Richardson sold a total of 8,608 shares of common stock over three days in December 2025, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• Michael Paul Richardson, a Director of Xos, Inc. (XOS), reported sales of common stock.
• The transactions were executed under a Rule 10b5-1 trading plan adopted by Mr. Richardson on September 16, 2025.
• On December 18, 2025, 2,870 shares were sold at a weighted average price of $2.0547 per share.
• On December 19, 2025, 2,869 shares were sold at a weighted average price of $2.0366 per share.
• On December 22, 2025, 2,869 shares were sold at a weighted average price of $2.141 per share.
• Following these transactions, Mr. Richardson beneficially owns 87,264 shares of common stock, which includes 62,377 unvested Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The sentiment is neutral. The filing reports routine insider stock sales executed under a pre-arranged 10b5-1 plan, which is a common practice and does not inherently signal positive or negative company performance or outlook.

Negatives

• Director selling shares could be perceived negatively by some investors, although the sales were pre-planned under a Rule 10b5-1 plan.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Insider sales, particularly those executed under a Rule 10b5-1 trading plan, are a routine disclosure in the public markets. Such plans allow insiders to sell a predetermined number of shares at a predetermined time or price, helping to avoid accusations of trading on material non-public information. These sales are generally viewed as less indicative of management's sentiment about the company's future prospects compared to unplanned, open-market sales.

Stakeholder Impact

• Shareholders: May observe a minor increase in selling pressure or a slight perception shift due to director sales, though mitigated by the 10b5-1 plan.

Key Dates

Keywords

Xos, XOS, Form 4, insider trading, stock sale, director, 10b5-1 plan