Xos (XOS) Director Dietmar Ostermann Sells 10,000 Shares

What Happened

• Dietmar Ostermann, a director of Xos, Inc. (XOS), sold 10,000 common shares in an open-market sale on August 20, 2026. The weighted average sale price was $3.49, with individual sale prices ranging from $3.49 to $3.50, for total proceeds of approximately $34,913. This was a sale (disposition) rather than a purchase or award.

Key Details

• Transaction date: 2026-08-20 (filed with the SEC on 2026-08-24; filing appears to be within the two-business-day Form 4 deadline)
• Transaction type/code: Open-market sale (S)
• Price: Weighted average $3.49; range $3.49–$3.50 (footnote F1 says the reporting person can provide the number of shares sold at each separate price upon request)
• Proceeds: ~$34,913
• Shares owned after transaction: Not explicitly stated in the provided summary; filing notes include 60,584 unvested RSUs held by the reporting person (footnote F2)
• Footnotes of note: F1 (weighted-average price and price range disclosure); F2 (60,584 unvested RSUs included in holdings)

Context

• This was a straightforward open-market sale by a company director. Sales by insiders can be routine (for liquidity, diversification, tax purposes, etc.); they do not necessarily indicate a change in sentiment about the company. The transaction size (~$35k) is relatively modest compared with typical executive trades.