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 April 10, 2024, Dakota Semler, the CEO of Xos, Inc., reported a change in beneficial ownership of the company's common stock.
- The transaction involved the withholding of 10,171 shares by Xos, Inc. to satisfy tax withholding obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
- The price per share for the tax withholding was $8.58.
- Following the transaction, Semler directly owns 221,703 shares of common stock, which includes 92,481 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: This is a neutral filing related to standard executive compensation practices and does not inherently indicate positive or negative sentiment.
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 minor impact on the total number of outstanding shares due to the tax withholding.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of the transaction involving the withholding of shares for tax obligations. |
| 04/12/2024 | Date of signature for the Form 4 filing. |
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