4/A: Xos Inc. CEO Dakota Semler Amends SEC Filing to Correct Tax Withholding Error
SEC Filing Amendment
Dakota Semler, CEO of Xos Inc., files an amendment to a previous SEC Form 4 to correct an error in the number of securities disposed of for tax withholding purposes.
Summary
- Dakota Semler, CEO of Xos Inc., filed an amended SEC Form 4 on November 8, 2024, to correct an error in a previous filing from August 13, 2024.
- The amendment addresses an incorrect number of securities disposed of related to tax withholding obligations from the vesting of a Restricted Stock Unit (RSU) award on August 10, 2024.
- The correction impacts the reported numbers of securities beneficially owned following the transaction, as well as subsequent filings on September 10, 2024, and October 10, 2024.
- The corrected filing shows that 1,531 shares were withheld by Xos Inc. at a price of $5.19 to satisfy tax obligations.
- Following the transaction, Semler directly owns 478,523 shares of common stock, including 338,278 unvested RSUs.
- Semler also indirectly owns 5,626 shares through GenFleet LLC and 1,791,530 shares through Emerald Green Trust.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of key personnel.
Stakeholder Impact
- The correction ensures accurate reporting of executive stock ownership, which is important for transparency and investor confidence.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Date of the original transaction (RSU vesting and tax withholding). |
| 08/13/2024 | Date of the original SEC Form 4 filing with the error. |
| 09/10/2024 | Date of a subsequent Form 4 filing affected by the original error. |
| 10/10/2024 | Date of a subsequent Form 4 filing affected by the original error. |
| 11/08/2024 | Date of the amended SEC Form 4/A filing. |
| 04/10/2025 | Initial Vesting Date for approximately 33% of the RSU Award. |
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