Form 4: Xos Inc. Acting CFO Liana Pogosyan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Liana Pogosyan, Acting Chief Financial Officer of Xos, Inc., reports the withholding of 38 common stock shares to cover tax obligations related to vested Restricted Stock Units (RSUs).
Summary
- On October 10, 2024, Liana Pogosyan, the Acting Chief Financial Officer of Xos, Inc., reported a change in beneficial ownership of the company's common stock.
- The transaction involved the withholding of 38 shares of common stock by Xos, Inc. to satisfy tax withholding obligations related to the vesting of Pogosyan's previously reported Restricted Stock Unit (RSU) award.
- The price per share for the transaction was $4.57.
- Following the transaction, Pogosyan beneficially owns 69,026 shares of Xos, Inc. common stock, which includes 61,642 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral filing detailing a routine transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are routine and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Date of transaction where shares were withheld for tax obligations. |
| 10/16/2024 | Date of signature on the Form 4 filing. |
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