Xos, Inc. — Director's Dealing 2023

Jun 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Xos, Inc. (XOS)
CIK: 0001819493
Period of Report: 2023-04-13

Reporting Person: Mattson George N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-13	Common Stock	P	98270	$0.70	Acquired	1000000	Indirect
2023-06-12	Common Stock	A	444444	—	Acquired	805448	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3973525	Indirect

Footnotes

F1: The transaction being reported was effected pursuant to a previously established Rule 10b5-1 trading plan.

F2: Represents weighted average sales price. The shares were sold at prices ranging from $0.62 to $0.75. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.

F3: 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.

F4: The shares reported in this transaction represent Restricted Stock Units ("RSUs"). The RSUs vest on the earlier of (i) the first anniversary of the Grant date and (ii) the day of the Company's 2024 Annual Meeting, subject to the Reporting Person's continuous service with Xos, Inc. through the vesting date.

F5: Includes 482,597 unvested RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

F6: 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.