Xos (XOS) Director Michael Richardson Sells 9,356 Shares

What Happened
Michael Paul Richardson, a director of Xos, reported three dispositions to the issuer (total 9,356 shares) between July 15–17, 2026. The reported amounts: 3,119 shares @ $2.31 for $7,195 (7/15), 3,119 shares @ $2.17 for $6,760 (7/16), and 3,118 shares @ $2.15 for $6,700 (7/17), for total proceeds of about $20,655. These were dispositions to the issuer (not open‑market buys) and thus represent sales/surrenders rather than a purchase.

Key Details

• Transaction dates and prices: 7/15/2026 — 3,119 @ $2.31; 7/16/2026 — 3,119 @ $2.17; 7/17/2026 — 3,118 @ $2.15. Total ≈ $20,655.
• Transaction type: D = Disposition to the issuer (shares surrendered/returned to the company).
• Trade plan: Transactions were effected under a Rule 10b5‑1 trading plan adopted by Richardson on Sept 16, 2025 (footnote F1).
• Filing: Form 4 filed July 17, 2026 (covers transactions through July 15–17); filing appears timely.
• Holdings note: The filing notes the reporting person’s holdings include 60,584 unvested RSUs (footnote F3). The total share ownership after these disposals is not specified in the provided excerpt.
• Price detail footnotes: The filing includes weighted-average and price-range footnotes and states the reporting person can provide a breakdown of shares sold at each separate price upon request (F2, F4, F5).

Context
A disposition to the issuer often reflects surrenders to the company (for example, to satisfy tax withholding or other plan obligations) rather than open-market selling. The presence of a pre-established 10b5‑1 plan indicates these trades were executed under a predetermined schedule; the Form 4 does not indicate the insider’s motivation.