Emerald Green Trust 4

What Happened
Emerald Green Trust, a reporting 10% beneficial owner of Xos, sold a total of 400,000 XOS shares in open-market transactions on June 3 and June 4, 2026, generating approximately $2,195,007 in proceeds. The transactions were all sales (not purchases): 98,800 shares at $5.97 ($589,806), 21,160 shares at $6.46 ($136,698), 200,000 shares at $5.03 ($1,005,920) and 80,040 shares at $5.78 ($462,583). These were routine dispositions rather than purchases (not a bullish signal).

Key Details

• Transaction dates and reported prices:
  • 2026-06-03: 98,800 shares @ $5.97 — $589,806
  • 2026-06-03: 21,160 shares @ $6.46 — $136,698
  • 2026-06-04: 200,000 shares @ $5.03 — $1,005,920
  • 2026-06-04: 80,040 shares @ $5.78 — $462,583
• Total shares sold: 400,000; approximate total proceeds: $2,195,007.
• Shares owned after transaction: Following the June 4 sales, the reporting person ceased to be a beneficial owner of 10% or more of Xos’s outstanding common stock (no longer subject to Section 16 reporting as a 10% holder).
• Notable footnotes:
  • One or more sales were effected pursuant to a Rule 10b5-1 trading plan established November 21, 2025.
  • Several transactions report weighted-average sale prices with price ranges; the reporting person will provide a per-price breakdown on request (per footnotes).
• Filing timeliness: Form 4 was filed June 5, 2026, and reports transactions from June 3–4, 2026; the filing appears timely (not marked late).

Context

• This filing involves an institutional/major-holder sale (a previous 10% holder), not an executive or director necessarily indicating management sentiment. Sales under a 10b5-1 trading plan are pre-scheduled and often routine.
• No derivative exercises, awards, or gifts were reported — these were straight dispositions (transaction code S).