Xos (XOS) Director Michael Richardson Receives RSU Award, Sells Shares

What Happened

• Michael Richardson, a director of Xos, Inc. (XOS), was granted 60,584 Restricted Stock Units (RSUs) on July 10, 2026 (acquisition at $0). He also disposed of a total of 9,357 shares in three transactions (3,119 shares each) on July 10, July 13 and July 14, 2026, for proceeds of $7,777, $7,321 and $7,454 respectively (total ≈ $22,552).
• The grant is an award of RSUs (not immediately vested shares). The sales are dispositions to the issuer (reported as sales), which are often routine (e.g., sell-to-cover or pre-planned sales) rather than fresh purchases.

Key Details

• Transaction dates and prices:
  • 2026-07-10: RSU grant 60,584 RSUs @ $0.00 (acquisition)
  • 2026-07-10: Disposition of 3,119 shares @ $2.49 — $7,777
  • 2026-07-13: Disposition of 3,119 shares @ $2.35 — $7,321
  • 2026-07-14: Disposition of 3,119 shares @ $2.39 — $7,454
• Shares owned after transaction: filing notes 60,584 unvested RSUs; the Form 4 does not list total beneficially owned common shares in the excerpt provided.
• Notable footnotes:
  • The 60,584 units are RSUs that vest on the earlier of the first anniversary of the grant or the day before the Company’s 2027 Annual Meeting, subject to continued service.
  • One of the dispositions was effected pursuant to a Rule 10b5-1 trading plan adopted by Richardson on Sept 16, 2025.
  • Several footnotes state the reported prices are weighted averages with more detailed price breakdowns available on request.
• Filing timeliness: Form filed on 2026-07-14 for transactions dated July 10–14, 2026 — appears to be filed within the standard two-business-day Form 4 window.

Context

• RSUs are contingent awards that convert into actual shares upon vesting; they are not the same as an immediate purchase of stock. The reported dispositions to the issuer are sales, and the presence of a 10b5-1 plan indicates at least some trades were pre-planned.
• This filing shows an award (potential future ownership) plus modest sales (≈$22.6k proceeds). It is factual reporting of insider activity and does not, by itself, indicate the director’s view of the company’s prospects.