Form 4: Xos Inc. CEO Dakota Semler Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dakota Semler, CEO of Xos, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested Restricted Stock Units (RSUs).
Summary
- On July 10, 2024, Dakota Semler, CEO of Xos, Inc., had 1,531 shares of common stock withheld by the issuer to cover tax obligations related to the vesting of previously reported Restricted Stock Units (RSUs) at a price of $6.56 per share.
- Following the transaction, Semler directly owns 217,110 shares of common stock, which includes 79,621 unvested RSUs.
- Semler also indirectly owns 5,626 shares through GenFleet LLC and 1,791,530 shares through Emerald Green Trust.
- The report was filed on July 12, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock ownership changes due to tax obligations, and does not contain 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 for publicly traded companies. It doesn't necessarily indicate a strategic shift or major event for Xos, Inc.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of transaction where shares were withheld for tax obligations. |
| 07/12/2024 | Date the Form 4 was signed. |
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