4//SEC Filing
Wyant Sarah 4
Accession 0001214659-24-000492
CIK 0001722969other
Filed
Jan 8, 7:00 PM ET
Accepted
Jan 9, 4:15 PM ET
Size
15.5 KB
Accession
0001214659-24-000492
Insider Transaction Report
Form 4
Nxu, Inc.NXU
Wyant Sarah
Interim CFO
Transactions
- Award
Class A Common Stock
2023-12-31+334→ 109,282 total - Sale
Class A Common Stock
2023-12-31$2.19/sh−1,714$3,754→ 112,145 total - Sale
Class A Common Stock
2023-12-31$2.19/sh−122$267→ 109,160 total - Award
Class A Common Stock
2023-12-31+940→ 109,291 total - Sale
Class A Common Stock
2023-12-31$2.19/sh−343$751→ 108,948 total - Award
Class A Common Stock
2023-12-31+4,699→ 113,859 total
Footnotes (5)
- [F1]The Reporting Person is eligible to receive an aggregate of $10,000 of Restricted Stock Units, subject to the Reporting Person's continuous service, which vest in four equal quarterly installments, beginning on the last day of the third quarter of 2023. The number of Restricted Stock Units granted each quarter is calculated by dividing $2,500 by the closing share price on the first trading day immediately preceding the 28th day of the month prior to each vesting date. On December 31, 2023, after giving effect to the 1-to-150 stock split completed by the Company on December 26, 2023, the Reporting Person was granted 940 Restricted Stock Units, which vested on such date. The Restricted Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc.
- [F3]Represents shares of Class A common stock sold to cover tax withholding obligations and other applicable fees in connection with the vesting of Restricting Stock Units or Performance Stock Units pursuant to mandatory "sell to cover" provisions contained in the Reporting Person's applicable Restricted Stock Unit or Performance Stock Unit grant agreement, and does not represent a discretionary sale by the Reporting Person.
- [F4]The Reporting Person is eligible to receive an aggregate of 200,000 Restricted Stock Units, vesting in four equal monthly installments, beginning on the last day of the third quarter of 2023. On each of September 30, 2023, October 31, 2023 and November 30, 2023, the Reporting Person was granted 50,000 Restricted Stock Units, which vested on such dates. On December 31, 2023, after giving effect to the 1-to-150 stock split completed by the Company on December 26, 2023, the Reporting Person was granted 334 Restricted Stock Units, which vested on such date. The Restricted Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.
- [F5]The Reporting Person is eligible to receive a number of Performance Stock Units with a value of up to 6.25% of the Reporting Person's total annual compensation each quarter for four quarters, subject to the Reporting Person's continuous service and certain other performance conditions, beginning on the last day of the third quarter of 2023. The number of Performance Stock Units granted is calculated by dividing the dollar value of the award by the closing share price on the first trading day immediately preceding the 28th day of the month prior to each vesting date. On December 31, 2023, after giving effect to the 1-to-150 stock split completed by the Company on December 26, 2023, the Reporting Person was granted 4,699 Performance Stock Units, which vested on such date. The Performance Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.
Documents
Issuer
Nxu, Inc.
CIK 0001722969
Entity typeother
Related Parties
1- filerCIK 0002004475
Filing Metadata
- Form type
- 4
- Filed
- Jan 8, 7:00 PM ET
- Accepted
- Jan 9, 4:15 PM ET
- Size
- 15.5 KB