Xos (XOS) Director Michael P. Richardson Sells Shares

What Happened

• Michael P. Richardson, a director of Xos, Inc. (XOS), sold a total of 9,356 shares in three open‑market transactions on July 15–17, 2026 for aggregate proceeds of about $20,655. The individual trades were: 3,119 shares at $2.31 on July 15 ($7,195); 3,119 shares at $2.17 on July 16 ($6,760); and 3,118 shares at $2.15 on July 17 ($6,700). These were sales (not purchases) executed pursuant to a pre‑arranged Rule 10b5‑1 trading plan.

Key Details

• Dates & prices: July 15, 2026 — 3,119 sh @ $2.31; July 16, 2026 — 3,119 sh @ $2.17; July 17, 2026 — 3,118 sh @ $2.15.
• Aggregate proceeds: ≈ $20,655.
• 10b5‑1 plan: Transactions were made under a Rule 10b5‑1 plan adopted by Richardson on Sept 16, 2025 (footnote F1).
• Price ranges: Footnotes report weighted average price ranges for the trades: $2.23–$2.40 (F2), $2.12–$2.32 (F4), and $2.11–$2.18 (F5). The filer will provide per‑price breakdowns on request.
• Holdings after trade: The filing notes the reporting person holds 60,584 unvested RSUs (footnote F3). The Form 4 as summarized here does not disclose a full post‑sale beneficial ownership total.
• Amendment: This is an amended Form 4 correcting the transaction code (changed from erroneous Code “D” to Code “S”); no other information was changed.

Context

• These sales were executed under a Rule 10b5‑1 plan, which typically indicates pre‑scheduled, routine dispositions and does not by itself signal a change in the director’s view of the company. Sales are generally less informative than purchases for gauging insider sentiment. The filing does not indicate these trades were part of any derivative exercise or gift.