Xos (XOS) Director Dietmar Ostermann Sells 15,000 Shares

What Happened

• Dietmar Ostermann, a director of Xos, sold a total of 15,000 shares in two open-market dispositions. On 2026-09-02 he sold 10,000 shares at about $3.02 each for approximately $30,220, and on 2026-09-04 he sold 5,000 shares at $3.00 each for $15,000. The combined proceeds reported are $45,220. These were sales (S), not purchases or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-09-02: 10,000 shares sold at $3.02 (reported weighted average; prices ranged $3.02–$3.04 per footnote).
  • 2026-09-04: 5,000 shares sold at $3.00.
• Filing: Form 4 filed 2026-09-04 reporting the 2026-09-02 transaction; appears to be filed within the standard reporting window.
• Shares owned after the transaction: the filing notes 60,584 unvested RSUs are included in the reporting person’s holdings (footnote). The exact total shares held following these sales is not specified in the provided summary.
• Footnotes:
  • F1: Sales reported using a weighted average; share prices ranged $3.02–$3.04 and full breakdown can be provided on request.
  • F2: Includes 60,584 unvested restricted stock units (RSUs).

Context

• These were open-market sales by a company director. Sales by insiders are common for reasons such as portfolio diversification or tax needs and do not, by themselves, establish the insider’s view on company prospects.
• No 10b5-1 trading plan, gift, exercise, or tax-withholding notation was indicated in the provided details.