RAPP EDWARD J 4

What Happened

• Edward J. Rapp, a director and Audit Committee Chair at Xos, received a grant of 5,182 restricted stock units (RSUs) on April 10, 2026. The award was issued at $0.00 as compensation in lieu of his cash retainer and vested immediately on the grant date.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14.
• Transaction type/code: Award/Grant (A); acquisition price reported $0.00.
• Shares granted: 5,182 RSUs (vested immediately).
• Shares owned after transaction: at least 67,559 RSUs total (5,182 newly issued + 62,377 unvested RSUs reported in filing); additional shares are held in a trust for which Rapp is trustee.
• Footnotes: (F1) RSUs issued in lieu of cash retainer and vested immediately; (F2) filing includes 62,377 unvested RSUs; (F3) some shares are held in the Edward Joseph Rapp trust (Rapp is trustee).
• No sale or purchase occurred—this is a compensatory award, not a market trade.

Context

• RSU grants issued as compensation (especially those vesting immediately) are routine for directors and reflect pay arrangements rather than an outright purchase or sale of company stock. Such awards do not necessarily indicate the insider’s view on the company’s near-term stock direction.