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

Xos, Inc. Director Alice K. Jackson reported selling 10,000 shares of common stock over two days in late December 2025, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Alice K. Jackson, a Director of Xos, Inc., reported the sale of 10,000 shares of common stock.
• On December 29, 2025, 5,000 shares were sold at a weighted average price of $1.931 per share, with prices ranging from $1.88 to $2.03.
• On December 30, 2025, another 5,000 shares were sold at a weighted average price of $1.8478 per share, with prices ranging from $1.79 to $1.93.
• These transactions were executed under a Rule 10b5-1 trading plan adopted by Ms. Jackson on September 29, 2025.
• Following these sales, Ms. Jackson beneficially owns 103,485 shares of Xos, Inc. common stock, which includes 62,377 unvested Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The sale of shares by a director, even under a pre-arranged 10b5-1 plan, generally carries a neutral to slightly negative sentiment as it reduces insider ownership. However, the existence of a 10b5-1 plan mitigates the negative signal, as the decision to sell was made in advance and not based on recent non-public information.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating the transactions were not based on new, non-public information.

Negatives

• A director selling shares, even under a 10b5-1 plan, reduces their direct equity stake in the company.
• The sales occurred at prices below $2.00 per share, specifically $1.931 and $1.8478.

Risks

• Insider sales, even pre-planned, can sometimes be perceived by the market as a lack of confidence in the company's near-term stock price appreciation, potentially leading to negative investor sentiment.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction for Xos, Inc., a company operating in the electric vehicle and mobility sector. Such transactions are common across all industries, particularly when executives or directors manage their personal portfolios through pre-arranged trading plans.

Related Party Transactions

• The sale of common stock by Alice K. Jackson, a Director of Xos, Inc., constitutes a related party transaction as it involves an insider of the company.

Stakeholder Impact

• Shareholders: May interpret the director's sale as a slight negative signal, although the 10b5-1 plan reduces its significance. It reduces the total number of shares held by an insider.
• Employees, Customers, Suppliers, Creditors: Unlikely to be directly impacted by this routine insider transaction.

Key Dates

Recommendation

The reported transactions are routine insider sales executed under a pre-arranged 10b5-1 plan, which minimizes the signaling effect typically associated with insider selling. While a reduction in insider ownership is generally not a positive, the pre-planned nature suggests it's for personal financial management rather than a reflection of a negative outlook on the company's future. Therefore, this filing alone does not warrant a change in investment thesis, suggesting a 'hold' recommendation based solely on this information.

Keywords

Xos Inc, XOS, Form 4, Insider Trading, Stock Sale, Director, Alice K. Jackson, 10b5-1 Plan, Equity, Common Stock