Form 4: Xos Inc. CEO Dakota Semler Reports Share Transaction for Tax Obligations

Xos Inc. CEO Dakota Semler disposed of 842 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Dakota Semler, CEO of Xos Inc., reported a transaction involving the disposal of 842 common shares on November 10, 2024.
• The shares were disposed of to cover tax withholding obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
• The transaction price was $4.74 per share.
• Following the transaction, Mr. Semler directly owns 475,308 shares, which includes 329,276 unvested RSUs.
• Mr. Semler also indirectly owns 5,626 shares through GenFleet LLC and 1,791,530 shares through the Emerald Green Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a standard transaction for tax purposes, and does not indicate any positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing related to insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The transaction is typical for executives who receive stock-based compensation, as they often need to sell shares to cover tax obligations when RSUs vest.
• The number of shares disposed of is relatively small compared to the total holdings of the CEO, which is common in these types of transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares for tax purposes.

Key Dates

Keywords

Xos Inc, Dakota Semler, SEC Form 4, share transaction, restricted stock units, tax withholding, beneficial ownership