Form 4: Xos Inc. CEO Dakota Semler Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Dakota Semler, CEO of Xos Inc., reports the withholding of 4,121 common stock shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On March 10, 2025, Dakota Semler, the CEO of Xos Inc., had 4,121 shares of common stock withheld by the issuer to satisfy tax obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
- The price per share was $3.5.
- Following the transaction, Semler beneficially owns 505,392 shares of common stock, which includes 335,190 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and tax obligations. It doesn't indicate positive or negative sentiment regarding the company's performance.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect on the company's overall performance or strategy.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Shares withheld for tax obligations related to RSU vesting. |
| 03/13/2025 | Date of signature on the report. |
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