4/A: Xos Inc. CFO Liana Pogosyan Amends Form 4 Filing to Correct Tax Withholding and Reflect Reverse Stock Split

Liana Pogosyan, Acting CFO of Xos, Inc., amended her Form 4 filing to correct the number of shares withheld for tax obligations and to reflect a 1-for-30 reverse stock split.

Summary

• Liana Pogosyan, Acting Chief Financial Officer of Xos, Inc., filed an amendment to her Form 4, originally filed on November 14, 2023.
• The amendment corrects the number of shares withheld by Xos to satisfy tax withholding obligations related to the vesting of her Restricted Stock Unit (RSU) Award.
• An error in tax withholding rates for RSU awards in 2023 and 2024 was discovered and corrected, leading to this amendment.
• The amendment also reflects the 1-for-30 reverse stock split of Xos, Inc.'s common stock, which occurred on December 6, 2023.
• The transaction date for the withholding was November 10, 2023, with 606 shares withheld at a price of $10.05.
• Following the reported transaction, Ms. Pogosyan beneficially owns 10,363 shares, including 6,893 unvested RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting a minor error and reflecting a previously announced reverse stock split. It doesn't contain information that would significantly impact investor sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in beneficial ownership, ensuring transparency and compliance with SEC regulations. The correction of tax withholding and reflection of the reverse stock split are routine updates.

Stakeholder Impact

• Shareholders are informed about the corrected tax withholding and the reverse stock split.

Key Dates