Xos Director Dietmar Ostermann Receives RSUs and Sells Shares

What Happened
Dietmar Ostermann, a director of Xos, Inc. (XOS), received a grant of 60,584 Restricted Stock Units (RSUs) on July 10, 2026 (no cash paid). Between July 10–14, 2026 he reported dispositions of 12,475 shares back to the issuer in three transactions, receiving roughly $30,068 in total proceeds (individual reported amounts: $10,369, $9,756 and $9,943). The RSUs are unvested at grant and represent contingent rights to receive common stock upon settlement.

Key Details

• Transaction dates and prices:
  • 2026-07-10: Grant of 60,584 RSUs (reported $0.00 acquisition value).
  • 2026-07-10: Disposition of 4,158 shares at $2.49 (proceeds $10,369).
  • 2026-07-13: Disposition of 4,159 shares at $2.35 (proceeds $9,756).
  • 2026-07-14: Disposition of 4,158 shares at $2.39 (proceeds $9,943).
• Total disposed: 12,475 shares for approximately $30,068.
• Shares owned after transaction: filing notes include 60,584 unvested RSUs; the filing does not state a complete total of beneficially owned shares after these transactions.
• Notable footnotes:
  • RSUs: Each RSU is a contingent right to one share; vesting occurs on the earlier of the first anniversary of the grant or the day before Xos’s 2027 annual meeting, subject to continuous service (footnotes F1, F2).
  • One of the reported dispositions was effected under a Rule 10b5‑1 trading plan adopted Sept 16, 2025 (F3).
  • The sale lines show weighted-average price ranges (F4–F6): 7/10 sales ranged $2.46–$2.59, 7/13 ranged $2.325–$2.44, 7/14 ranged $2.34–$2.435; the filer will provide per-price breakdowns on request.
• Filing timing: Transaction dates span 7/10–7/14/2026; the Form 4 was filed 7/14/2026 (within the SEC’s two business‑day reporting window for Form 4).

Context

• The award is an RSU grant (a derivative compensation award) and is currently unvested; RSUs convert to shares only upon vesting/settlement.
• Dispositions reported as “to the issuer” often reflect sales or share transfers back to the company (e.g., tax withholding or plan-directed sales); this filing notes at least one sale under a 10b5‑1 plan but does not specify the exact reason for each disposition.
• This filing is factual disclosure of insider activity and does not indicate the director’s motivations.