Form 4: Xos Inc. Acting CFO Liana Pogosyan Reports Stock Transactions

Liana Pogosyan, Acting CFO of Xos, Inc., reports the acquisition of 60,490 shares of common stock and the disposal of 293 shares to cover tax obligations.

Summary

• On August 10, 2024, Liana Pogosyan, the Acting Chief Financial Officer of Xos, Inc., acquired 60,490 shares of common stock.
• These shares were acquired through a Restricted Stock Unit (RSU) award, with approximately 33% vesting on April 10, 2025, and the remainder vesting in 24 equal monthly installments.
• On the same date, Pogosyan disposed of 293 shares of common stock at a price of $5.19 to satisfy tax withholding obligations related to the vesting of a previously reported RSU award.
• Following these transactions, Pogosyan beneficially owns 69,357 shares of Xos, Inc., which includes 62,269 unvested RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock transactions. The acquisition of shares by the CFO is a mildly positive signal, but the disposal for tax obligations is a neutral event.

Positives

• The acquisition of shares by the Acting CFO demonstrates confidence in the company's future.

Negatives

• The disposal of shares to cover tax obligations, while standard, slightly reduces the total holdings.

Risks

• The vesting of the RSU award is contingent upon continued service with the company, as described in the Global RSU Award Agreement.
• Fluctuations in the stock price could impact the value of the RSUs.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSU award.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the ownership structure and management's stake in the company.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholder sentiment.

Key Dates