4/A: Xos Inc. Executive Liana Pogosyan Amends Form 4 Filing to Correct Tax Withholding and Reflect Reverse Stock Split

Liana Pogosyan, Acting CFO of Xos, Inc., amended her Form 4 filing to correct tax withholding related to RSU vesting and reflect a 1-for-30 reverse stock split.

Summary

• Liana Pogosyan, Acting Chief Financial Officer of Xos, Inc., filed an amended Form 4 with the SEC.
• The amendment corrects the number of shares withheld by the issuer to satisfy tax withholding obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
• An error in tax withholding rates for RSU vesting in 2023 and 2024 was discovered and corrected.
• The amendment also reflects a 1-for-30 reverse stock split of Xos, Inc. common stock that occurred on December 6, 2023.
• As a result of the transaction on January 10, 2024, 428 shares were disposed of at a price of $7.18.
• Following the reported transaction, Ms. Pogosyan beneficially owns 9,328 shares of common stock, including 5,111 unvested RSUs.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing correcting a previous error and reflecting a reverse stock split. It doesn't contain information that would drastically alter investor sentiment.

Industry Context

Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to investors.

Key Dates