Form 4: Xos Inc. General Counsel Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Christen T. Romero, General Counsel of Xos, Inc., reports the withholding of 1,113 common stock shares to cover tax obligations related to RSU vesting.
Summary
- On September 10, 2024, Christen T. Romero, the General Counsel of Xos, Inc., had 1,113 shares of common stock withheld by the issuer to satisfy tax obligations.
- This withholding was related to the vesting of previously reported Restricted Stock Units (RSUs).
- The price per share for the withholding was $4.8.
- Following the transaction, Romero directly owns 229,437 shares of Xos, Inc., which includes 198,280 unvested RSUs.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing related to tax obligations, indicating a neutral 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 minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of the transaction where shares were withheld to cover tax obligations. |
| 09/12/2024 | Date of signature for the Form 4 filing. |
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