Form 4: Xos Inc. CEO Dakota Semler Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dakota Semler, CEO of Xos Inc., reports changes in beneficial ownership due to tax withholding obligations related to RSU vesting.
Summary
- Dakota Semler, CEO of Xos Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On May 10, 2024, 1,531 shares of common stock were withheld by Xos Inc. to satisfy tax obligations related to the vesting of Semler's Restricted Stock Units (RSUs) at a price of $7.66 per share.
- Following the transaction, Semler directly owns 220,172 shares, which includes 88,194 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 SEC filing, indicating a neutral sentiment. It simply reports changes in stock ownership due to routine transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The change in ownership is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of transaction: Shares withheld for tax obligations related to RSU vesting. |
| 05/14/2024 | Date of Form 4 filing. |
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