10X Capital Leadership Purchases Additional Shares In REE Automotive

Rhea-AI Summary

REE (Nasdaq: REE) has seen its CEO Hans Thomas and COO David Weisburd purchasing additional shares, totaling approximately $2 million in open market buys during September 2021. Hans Thomas acquired 222,000 shares at average prices of $5.81 and $5.66. Weisburd purchased 123,908 shares at an average price of $5.97. These actions were reported in SEC filings and reflect the company executives' positive outlook on REE's market position.

Positive

• CEO and COO purchasing approximately $2 million in REE stock demonstrates confidence in the company's future.
• Hans Thomas purchased a total of 222,000 shares indicating a significant personal investment.
• David Weisburd's acquisition of 123,908 shares underlines executive commitment.

Negative

• None.

REE (Nasdaq: REE) SPAC sponsor completes open market purchases

NEW YORK--(BUSINESS WIRE)-- 10X Capital today announced that Hans Thomas, CEO, and David Weisburd, COO, each made filings with the SEC reporting the purchase of additional shares in REE Automotive (NASDAQ: REE) common stock totaling approximately $2 million, through open market purchases made in September 2021.

Mr. Thomas reported the purchase of: 161,037 shares at an average price of $5.81 on September 1, 2021; and 60,963 shares at an average price of $5.66 on September 2, 2021; for a total of 222,000 shares.

Mr. Weisburd reported the purchase of 123,908 shares at an average price of $5.97 on September 1, 2021.

The SEC filings are available on EDGAR, and linked below:

Hans Thomas:

https://www.sec.gov/Archives/edgar/data/1828707/000121390021046457/xslF345X03/ownership.xml

David Weisburd:

https://www.sec.gov/Archives/edgar/data/1828663/000121390021046466/xslF345X03/ownership.xml

About 10X CAPITAL

10X Capital is a venture capital and investment firm at the nexus of Wall Street and Silicon Valley, aligning institutional capital with high growth ventures. For more information visit www.10xcapital.com.

10X Capital Venture Acquisition Corp (formerly Nasdaq: VCVC), is 10X Capital’s Special Purpose Acquisition Company, focused on high growth technology companies, and was formed for the purpose of entering into a business combination with one or more businesses. For more information visit www.10xspac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005748/en/

Max Staedtler

10X Capital

One World Trade Center, 85th Floor

New York, NY 10007

(212) 257-0069

max@10xcapital.com

Source: 10X Capital Venture Acquisition Corp

FAQ

What stock purchases did REE executives make in September 2021?

In September 2021, CEO Hans Thomas purchased 222,000 shares, and COO David Weisburd bought 123,908 shares of REE stock.

How much did REE executives spend on stock purchases?

The combined purchases by REE executives totaled approximately $2 million.

What were the average prices of shares bought by REE executives?

Hans Thomas bought shares at average prices of $5.81 and $5.66, while David Weisburd purchased at an average price of $5.97.

Where can I find the SEC filings for REE stock purchases?

The SEC filings regarding REE stock purchases can be found on the EDGAR database.

What does the stock activity of REE executives indicate?

The stock purchases by REE executives suggest a strong belief in the company's growth potential.