Form 4: Xos, Inc. Director Stuart Bernstein Receives Significant RSU Grant

Xos, Inc. Director Stuart N. Bernstein was granted 62,377 Restricted Stock Units (RSUs) on July 10, 2025, increasing his direct beneficial ownership to 112,505 shares.

Summary

• Stuart N. Bernstein, a Director of Xos, Inc., acquired 62,377 shares of common stock in the form of Restricted Stock Units (RSUs) on July 10, 2025.
• The RSUs were granted at a price of $0 per share, indicating a compensation grant.
• Following this transaction, Stuart N. Bernstein's direct beneficial ownership of Xos, Inc. common stock increased to 112,505 shares, which includes the 62,377 unvested RSUs.
• Additionally, Stuart N. Bernstein indirectly beneficially owns 4,133 shares of common stock through Bernstein Investment Partners LLC, where he serves as the Managing Member.
• The RSUs are set to vest on the earlier of the first anniversary of the grant date or the day before the Company's 2026 Annual Meeting, contingent upon continuous service with Xos, Inc.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as a director receiving an RSU grant indicates continued alignment with the company's performance and is a standard compensation practice, though it does not reflect operational or financial performance.

Positives

• The grant of Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The acquisition of additional shares, even if unvested, demonstrates a director's continued commitment and stake in the company's future.

Risks

• The 62,377 Restricted Stock Units are unvested and subject to the reporting person's continuous service with Xos, Inc. through the vesting date, meaning they could be forfeited if service is terminated before vesting.

Future Outlook

The 62,377 Restricted Stock Units are scheduled to vest on the earlier of the first anniversary of the grant date or the day before the Company's 2026 Annual Meeting, subject to Stuart N. Bernstein's continuous service.

Industry Context

The grant of Restricted Stock Units to a director is a common practice in publicly traded companies across various industries, serving as a form of equity compensation designed to align the interests of executives and directors with long-term shareholder value.

Related Party Transactions

• Stuart N. Bernstein's indirect beneficial ownership of 4,133 shares is held by Bernstein Investment Partners LLC, of which he is the Managing Member. This represents a standard related-party holding structure.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign of continued alignment between the director's interests and the company's long-term performance, potentially fostering confidence.

Next Steps

• Vesting of the 62,377 Restricted Stock Units on the earlier of the first anniversary of the grant date or the day before the Company's 2026 Annual Meeting.

Key Dates

Keywords

Xos Inc., Restricted Stock Units, RSU grant, insider transaction, beneficial ownership, director compensation, Form 4, equity compensation