Form 4: Xos Inc. Acting CFO Liana Pogosyan Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Liana Pogosyan, Acting Chief Financial Officer of Xos, Inc., reports the withholding of 643 common stock shares to cover tax obligations related to RSU vesting on May 10, 2024.
Summary
- On May 10, 2024, Liana Pogosyan, the Acting Chief Financial Officer of Xos, Inc., had 643 shares of common stock withheld by the issuer to satisfy tax obligations related to the vesting of a previously reported Restricted Stock Unit (RSU) award.
- The price per share for the tax withholding was $7.66.
- Following the transaction, Pogosyan directly owns 10,096 shares of Xos, Inc., which includes 4,103 unvested RSUs.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, reflecting a routine tax transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure related to insider transactions. It doesn't necessarily reflect the overall health or prospects of Xos, Inc., but rather the tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the transaction where shares were withheld for tax obligations. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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