4/A: Xos Inc. COO Sordoni Corrects Form 4 Filing Regarding Tax Withholding on RSU Vesting
SEC Filing (Form 4/A Amendment)
Giordano Sordoni, COO of Xos Inc., files an amendment to a previous Form 4 to correct an error in the number of shares disposed of for tax withholding related to RSU vesting.
Summary
- Giordano Sordoni, Chief Operating Officer of Xos Inc., filed an amended Form 4 with the SEC on November 08, 2024, to correct errors in a previous filing from August 13, 2024.
- The amendment addresses an incorrect number of shares disposed of due to tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) on August 10, 2024.
- The correction also impacts the reported numbers of securities beneficially owned following the transaction in subsequent Forms 4 dated September 10, 2024, and October 10, 2024.
- The corrected filing shows the acquisition of 241,226 shares of common stock at $0 and the disposal of 1,580 shares at $5.19 to cover tax obligations.
- Following the corrected transaction, Sordoni beneficially owns 1,136,818 shares, including 319,145 unvested RSUs.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing. It doesn't indicate any fundamental issues with the company, but the need for correction suggests a minor oversight.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments are sometimes necessary to correct errors.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Date of the original transaction (RSU vesting and tax withholding). |
| 08/13/2024 | Date of the original Form 4 filing with the error. |
| 09/10/2024 | Date of a subsequent Form 4 affected by the original error. |
| 10/10/2024 | Date of a subsequent Form 4 affected by the original error. |
| 04/10/2025 | Initial Vesting Date for approximately 33% of the Restricted Stock Unit Award. |
| 11/08/2024 | Date of the amended Form 4 filing. |
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