4//SEC Filing
Johnston Stephen Eric 4
Accession 0001104659-24-038956
CIK 0001637736other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 2:35 PM ET
Size
9.7 KB
Accession
0001104659-24-038956
Insider Transaction Report
Form 4
Johnston Stephen Eric
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2024-03-26+300,000→ 300,000 total - Disposition to Issuer
Common Stock
2024-03-26−300,000→ 0 total - Exercise/Conversion
Restricted Share Units
2024-03-26−300,000→ 0 total→ Common Stock (300,000 underlying)
Footnotes (3)
- [F1]On March 26, 2024, Xos, Inc. ("Xos") acquired all of the issued and outstanding common shares (the "ElectraMeccanica Shares") of ElectraMeccanica Vehicles Corp. ("ElectraMeccanica") pursuant to a plan of arrangement (the "Plan of Arrangement") under the Business Corporations Act (British Columbia) (the "Arrangement"). Under the terms of the arrangement agreement, dated January 11, 2024, by and between ElectraMeccanica and Xos (as amended, the "Arrangement Agreement"), and the Plan of Arrangement, at the effective time of the Arrangement (the "Effective Time"), each ElectraMeccanica Share outstanding immediately prior to the Effective Time was transferred to Xos in exchange for 0.0143739 shares of Xos common stock.
- [F2]Each restricted share unit ("RSU") represented a contingent right to receive one ElectraMeccanica Share upon vesting. Pursuant to the Arrangement Agreement, each RSU that was outstanding immediately prior to the Effective Time vested and was settled by ElectraMeccanica in exchange for one ElectraMeccanica Share.
- [F3]On December 7, 2023, the reporting person was granted a total of 300,000 RSUs, which were to vest in three equal annual installments from the grant date.
Documents
Issuer
ELECTRAMECCANICA VEHICLES CORP.
CIK 0001637736
Entity typeother
Related Parties
1- filerCIK 0001951851
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 2:35 PM ET
- Size
- 9.7 KB