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 June 10, 2024, Dakota Semler, the 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 $7.33.
- Following this transaction, Semler directly owns 218,641 shares of common stock, which includes 83,908 unvested RSUs.
- Semler also indirectly owns 5,626 shares through GenFleet LLC and 1,791,530 shares through Emerald Green Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is related to routine tax obligations. Therefore, the sentiment is neutral.
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 and transactions of key company personnel.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction where shares were withheld for tax obligations. |
| 06/12/2024 | Date of signature on the Form 4 filing. |
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