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

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

Summary

• Liana Pogosyan, Acting Chief Financial Officer of Xos, Inc., filed an amended Form 4 with the SEC on April 29, 2024.
• The amendment corrects the number of shares withheld by Xos to satisfy tax withholding obligations related to the vesting of Pogosyan's Restricted Stock Unit (RSU) award.
• The original Form 4 was filed on August 12, 2023.
• The correction was made due to a recently discovered error in tax withholding rates for RSU awards in 2023 and 2024.
• The amended form also reflects a 1-for-30 reverse stock split of Xos, Inc.'s common stock, which occurred on December 6, 2023.
• After the transaction, Pogosyan directly owns 12,947 shares of common stock, including 11,352 unvested RSUs.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations. The amendment highlights the importance of accurate reporting and the potential impact of corporate actions like reverse stock splits on insider holdings.

Key Dates