Form 4: Xos Inc. Director George N. Mattson Reports Acquisition of Common Stock

Director George N. Mattson reports acquisition of 2,462 shares of Xos, Inc. common stock via Restricted Stock Units (RSUs) in lieu of cash retainer.

Summary

• On April 10, 2025, George N. Mattson, a director of Xos, Inc., acquired 2,462 shares of common stock through Restricted Stock Units (RSUs).
• These RSUs were issued in lieu of a cash retainer for the director's service in Q1 2025 and vested immediately upon grant.
• Following the transaction, Mattson directly owns 67,384 shares of common stock, which includes 28,694 unvested RSUs.
• Mattson may also be deemed to beneficially own 131,250 shares held by NGAC GNM Feeder LLC and 33,333 shares held by GNM ICBC LLC, due to his shared control over these entities, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. The director's acquisition of shares could be seen as slightly positive, but it's a routine transaction.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of shares, which is a common occurrence.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Xos, Inc., George N. Mattson, Form 4, Beneficial Ownership, Restricted Stock Units, RSUs, Director, Common Stock, NGAC GNM Feeder LLC, GNM ICBC LLC