4//SEC Filing
Hanchett Mark 4
Accession 0001214659-23-012508
CIK 0001722969other
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 9:38 PM ET
Size
7.7 KB
Accession
0001214659-23-012508
Insider Transaction Report
Form 4
Nxu, Inc.NXU
Hanchett Mark
DirectorChief Executive Officer10% Owner
Transactions
- Award
Class A Common Stock
2023-09-15+416,667→ 26,915,871 total - Award
Class A Common Stock
2023-09-15+223,765→ 26,499,204 total
Footnotes (3)
- [F1]The Reporting Person is eligible to receive an aggregate of $1,450,000 of Restricted Stock Units, which vest monthly in equal installments 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 September 15, 2023, the Reporting Person was granted 223,765 Restricted Stock Units, which will vest on September 30, 2023.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc.
- [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 September 15, 2023, the Reporting Person was granted 416,667 Restricted Stock Units, which vest on September 30, 2023.
Documents
Issuer
Nxu, Inc.
CIK 0001722969
Entity typeother
Related Parties
1- filerCIK 0001940474
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 9:38 PM ET
- Size
- 7.7 KB