Hanchett Mark 4
4 · Nxu, Inc. · Filed Aug 18, 2023
Insider Transaction Report
Form 4
Nxu, Inc.NXU
Hanchett Mark
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2023-06-30+174,663→ 26,237,491 total - Tax Payment
Class A Common Stock
2023-08-09$0.29/sh−159,121$46,145→ 26,147,814 total - Award
Restricted Stock Unit
2023-06-15+113,636→ 113,636 total→ Class A Common Stock (113,636 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-07-30−69,444→ 0 total→ Class A Common Stock (69,444 underlying) - Award
Restricted Stock Unit
2023-06-15+61,027→ 61,027 total→ Class A Common Stock (61,027 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-06-30−113,636→ 0 total→ Class A Common Stock (113,636 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-06-30−61,027→ 0 total→ Class A Common Stock (61,027 underlying) - Award
Restricted Stock Unit
2023-08-15+69,444→ 69,444 total→ Class A Common Stock (69,444 underlying) - Award
Restricted Stock Unit
2023-07-15+69,444→ 69,444 total→ Class A Common Stock (69,444 underlying) - Exercise/Conversion
Class A Common Stock
2023-07-30+69,444→ 26,306,935 total
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc.
- [F2]The price in Column 4 is a weighted average price. The actual sales price for these transactions ranged from $0.20 to $0.30. The Reporting Person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F3]The Reporting Person is eligible to receive $75,000 of Restricted Stock Units each quarter. The number of Restricted Stock Units granted each quarter will be calculated by dividing $75,000 by the closing share price on the first trading day immediately preceding the 15th day of the last month of each quarter, and will vest on the last business day of such quarter. On June 15, 2023, the Reporting Person was granted 113,636 Restricted Stock Units, which vested on June 30, 2023.
- [F4]The Reporting Person is eligible to receive an aggregate of $1,800,000 of Restricted Stock Units, which vest monthly over thirty-six months. The number of Restricted Stock Units granted each month will be calculated by dividing 40,277.78 by the closing share price on the first trading day immediately preceding the 15th day of each month for thirty one (31) months beginning June 30, 2023 and will be calculated by dividing $110,277 by the closing share price on the first trading day immediately preceding the 15th day of each month for the final five (5) months from January 31, 2026 to May 31, 2026. On June 15, 2023, the Reporting Person was granted 61,027 Restricted Stock Units, which vested on June 30, 2023.
- [F5]The number of Restricted Stock Units granted each month will be calculated by dividing 40,277.78 by the closing share price on the first trading day immediately preceding the 15th day of each month for thirty one (31) months beginning June 30, 2023 and will be calculated by dividing $110,277 by the closing share price on the first trading day immediately preceding the 15th day of each month for the final five (5) months from January 31, 2026 to May 31, 2026. On July 15, 2023, the Reporting Person was granted 69,444 Restricted Stock Units, which vested on July 30, 2023.
- [F6]The number of Restricted Stock Units granted each month will be calculated by dividing 40,277.78 by the closing share price on the first trading day immediately preceding the 15th day of each month for thirty one (31) months beginning June 30, 2023 and will be calculated by dividing $110,277 by the closing share price on the first trading day immediately preceding the 15th day of each month for the final five (5) months from January 31, 2026 to May 31, 2026. On August 15, 2023, the Reporting Person was granted 69,444 Restricted Stock Units, which will vest on August 30, 2023.