Xos (XOS) Director Dietmar Ostermann Sells Shares, Receives RSU Award

What Happened
Dietmar Ostermann, a director of Xos, Inc. (XOS), was granted 60,584 Restricted Stock Units (RSUs) on July 10, 2026 and also sold a total of 12,475 shares in three open-market transactions under a Rule 10b5-1 plan. The sales occurred on July 10 (4,158 shares for $10,369), July 13 (4,159 shares for $9,756) and July 14 (4,158 shares for $9,943), for total proceeds of about $30,068 (average ≈ $2.41/share). The RSU grant was recorded at $0.00 (i.e., an award/vesting right rather than a purchase).

Key Details

• Transaction dates: Grant and first sale on 2026-07-10; additional sales on 2026-07-13 and 2026-07-14.
• Prices/amounts: July 10 sale proceeds $10,369 (weighted avg range $2.46–$2.59); July 13 $9,756 (range $2.325–$2.44); July 14 $9,943 (range $2.34–$2.435).
• Total sold: 12,475 shares for ≈ $30,068 (avg ≈ $2.41/share).
• Holdings after transaction: Footnotes report 60,584 unvested RSUs; total common shares owned after these disposals are not detailed in the provided data.
• Notable footnotes: RSUs represent contingent rights to receive one share upon settlement and vest on the earlier of one year after grant or the day before the 2027 annual meeting, subject to continued service. Sales were effected under a Rule 10b5-1 trading plan adopted Sept 16, 2025.
• Filing note: This is an amended Form 4 (filed 2026-08-27) correcting transaction codes for the July sales from Code “D” to Code “S”; no other information was changed.

Context
RSU awards are not immediate purchases — they are contingent rights that typically vest over time and convert to shares if vesting conditions are met. The July sales were prearranged under a 10b5-1 plan, which means they were scheduled in advance and generally limit inference about the director’s short-term views on the stock. This amendment only corrects reporting codes and does not change the underlying transactions.