Xos (XOS) CFO has shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xos, Inc. Chief Financial Officer Liana Pogosyan reported a routine tax-related share disposition. On the vesting of previously granted RSU awards, the company withheld 28,124 shares of common stock at $2.06 per share to cover tax obligations. After this withholding, Pogosyan holds 170,078 shares directly, including 124,855 unvested RSUs, indicating she retains a substantial equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pogosyan Liana
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 28,124 | $2.06 | $58K |
Holdings After Transaction:
Common Stock — 170,078 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 124,855 unvested RSUs.
FAQ
What insider transaction did Xos (XOS) CFO Liana Pogosyan report?
Xos CFO Liana Pogosyan reported a tax-related share disposition, where 28,124 shares of common stock were withheld. The withholding covered tax obligations tied to vesting of previously granted RSU awards rather than an open-market sale.
Was the Xos (XOS) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 28,124 shares were withheld by Xos to satisfy tax withholding requirements on vesting RSU awards, a standard non-cash mechanism rather than a discretionary stock sale.
What RSU position does the Xos (XOS) CFO retain following this Form 4?
Following the reported transaction, the CFO’s holdings include 124,855 unvested RSUs. Each RSU represents a contingent right to receive one share of Xos common stock upon settlement, indicating meaningful additional potential equity exposure.