Xos, Inc. — Director's Dealing 2023

Oct 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Xos, Inc. (XOS)
CIK: 0001819493
Period of Report: 2023-10-10

Reporting Person: Mattson George N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-10	Common Stock	A	26514	—	Acquired	858476	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3973525	Indirect
Common Stock	1000000	Indirect

Footnotes

F1: The shares reported in this transaction represent Restricted Stock Units ("RSUs"). The RSUs reported vested immediately on the date of grant. The RSUs were issued to the director in lieu of their cash retainer for the director's service in Q3 2023 and calculated as of October 10, 2023.

F2: Includes 482,597 unvested RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

F3: Shares are held by NGAC GNM Feeder LLC ("NGAC"). The Reporting Person may be deemed to beneficially own such shares by virtue of his shared control over NGAC. The Reporting Person disclaims
beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F4: Shares are held by GNM ICBC LLC ("GNM ICBC"). The Reporting Person may be deemed to beneficially own such shares by virtue of his control over GNM ICBC. The Reporting Person disclaims
beneficial ownership of such shares except to the extent of his pecuniary interest therein.