Form 4: Xos Inc. COO Sordoni Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Giordano Sordoni, COO of Xos, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested Restricted Stock Units.
Summary
- On May 10, 2024, Giordano Sordoni, the Chief Operating Officer of Xos, Inc., had 1,580 shares of common stock withheld by the issuer to satisfy tax obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
- The price per share for the transaction was $7.66.
- Following the transaction, Sordoni directly owns 900,332 shares of Xos, Inc., which includes 91,188 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of transaction where shares were withheld for tax obligations. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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