December 31, 2023 · Form 4 insider transaction
Wyant Sarah bought 940 shares of NXU, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 9 days after the transaction.
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.; Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Nxu, Inc.