Semler Dakota 4

What Happened
Semler Dakota, CEO of Xos, had 119,164 shares withheld by the company to satisfy tax withholding obligations tied to the vesting of previously reported RSU awards. The withheld shares were valued at $2.06 each, totaling approximately $245,478. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
• Transaction type/code: F — shares withheld to satisfy tax withholding on RSU vesting.
• Shares withheld/disposed: 119,164 at $2.06 per share; total value ≈ $245,478.
• Footnotes: F1 clarifies each RSU converts to one share on settlement and the withheld shares satisfy tax obligations; F2 notes 554,339 unvested RSUs are included in the reporting person’s holdings.
• Shares owned after transaction: the filing notes unvested RSUs (see F2); the filing excerpt provided does not state total beneficial ownership after withholding.

Context
This was a routine cashless-withholding action tied to RSU vesting, not a public sale. Such withholdings are common to cover tax liabilities and do not necessarily indicate a CEO's change in view on the company. The monetary value (~$245k) is the tax-related disposition amount, not a discretionary sale.