Xos, Inc. — Director's Dealing 2023

Apr 13, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Xos, Inc. (XOS)
CIK: 0001819493
Period of Report: 2023-04-10

Reporting Person: Mattson George N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-10	Common Stock	P	100000	$0.62	Acquired	836039	Indirect
2023-04-11	Common Stock	P	30391	$0.61	Acquired	866430	Indirect
2023-04-12	Common Stock	P	35300	$0.58	Acquired	901730	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3973525	Indirect
Common Stock	361004	Direct

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 $0.58 to $0.64. 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: Represents weighted average sales price. The shares were sold at prices ranging from $0.59 to $0.63. 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.

F5: Represents weighted average sales price. The shares were sold at prices ranging from $0.56 to $0.60. 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.

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.

F7: Includes 153,759 unvested restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.