Xos (XOS) COO has 80,582 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xos, Inc. Chief Operating Officer Giordano Sordoni reported a tax-withholding transaction related to restricted stock units. On March 10, 2026, 80,582 shares of common stock were withheld at $2.06 per share to cover tax obligations tied to vesting RSU awards, not as an open-market sale. After this disposition, Sordoni directly owned 1,655,316 shares of common stock, which the filing states includes 546,498 unvested RSUs that may convert into additional shares as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sordoni Giordano
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 80,582 | $2.06 | $166K |
Holdings After Transaction:
Common Stock — 1,655,316 shares (Direct)
Footnotes (1)
- Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations in connection with the vesting of the Reporting Person's previously reported Restricted Stock Unit ("RSU") Awards. Each RSU represents a contingent right to receive one share of common stock upon settlement. Includes 546,498 unvested RSUs.
FAQ
What insider transaction did Xos (XOS) report for Giordano Sordoni?
Xos reported that COO Giordano Sordoni had 80,582 common shares withheld to cover tax obligations from vesting restricted stock units. This Form 4 event reflects tax withholding, not an open-market purchase or sale of Xos stock.
What do the unvested RSUs in the Xos (XOS) Form 4 represent?
The filing explains that unvested RSUs represent contingent rights to receive one Xos common share per unit upon settlement. It notes that Giordano Sordoni’s post-transaction holdings include 546,498 such unvested RSUs that will deliver shares as they vest over time.
Does this Xos (XOS) Form 4 indicate any remaining derivative positions?
The Form 4 derivative summary is empty, indicating no derivative option or warrant positions disclosed in this specific filing. The focus is on common stock and RSU-related tax withholding, rather than exercises or conversions of derivative securities.