Form 4: Xos, Inc. COO Sordoni Reports Changes in Beneficial Ownership
SEC Filing
Giordano Sordoni, COO of Xos, Inc., reports the withholding of shares to cover tax obligations related to RSU vesting.
Summary
- Giordano Sordoni, the Chief Operating Officer of Xos, Inc., filed a Form 4 with the SEC on September 12, 2024.
- The filing reports a transaction on September 10, 2024, where 1,580 shares of common stock were disposed of to cover tax withholding obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
- The shares were withheld by Xos, Inc. at a price of $4.8 per share.
- Following the transaction, Sordoni directly owns 1,134,921 shares of Xos, Inc., which includes 314,722 unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of transaction: Shares withheld for tax obligations. |
| 09/12/2024 | Date of Form 4 filing. |
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