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 tax withholding related to RSU vesting 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.
• The amendment corrects the number of shares withheld by the issuer to satisfy tax withholding obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
• An error in tax withholding rates for 2023 and 2024 RSU awards was discovered and corrected.
• The amendment also reflects the 1-for-30 reverse stock split of Xos, Inc.'s common stock, which occurred on December 6, 2023.
• On July 10, 2023, Pogosyan acquired 7,936 shares of common stock at $0 and disposed of 224 shares at $9.6.
• Following the reported transactions, Pogosyan beneficially owns 13,171 shares, including 11,737 unvested RSUs.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing correcting a previous error and reflecting a corporate action (reverse stock split). It doesn't inherently convey positive or negative sentiment, but the correction of an error is slightly positive.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership and the reverse stock split.
• The correction of tax withholding errors impacts the reporting person's tax obligations.

Key Dates