Sordoni Giordano 4

What Happened

• Giordano Sordoni, Chief Operating Officer of Xos, had 80,582 shares withheld on March 10, 2026 to satisfy tax withholding related to the vesting of previously reported Restricted Stock Units (RSUs). The shares were recorded at $2.06 each for a total value of $165,999. This was a tax-withholding/settlement (not an open-market sale) tied to RSU vesting.

Key Details

• Transaction date and price: 2026-03-10 — 80,582 shares at $2.06 each.
• Reported value: $165,999 (shares withheld to cover taxes).
• Shares owned after transaction: total beneficial ownership after this filing is not specified in the Form 4.
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding for vested RSUs; F2 — the filing notes 546,498 unvested RSUs held by the reporting person.
• Filing timeliness: Form 4 filed on 2026-03-12 for a 2026-03-10 transaction (timely filing).

Context

• Code F transactions indicate shares were withheld to cover tax obligations upon RSU settlement — a routine administrative step that does not necessarily reflect the insider’s view of the company.
• Each RSU represents a contingent right to receive one share upon settlement. The withholding reduced the number of shares delivered to the insider but did not represent a discretionary sale in the open market.