May 11, 2026 · Form 4 insider transaction
Aljomaih Automotive Co. sold 1,500,000 shares of Xos, Inc. at $1500000.00 per share, a transaction worth $2250.00B. The trade was recorded as j and disclosed on an SEC Form 4, filed 1 day after the transaction.
On May 11, 2026, the issuer made a scheduled repayment of $1.5 million principal amount of the Convertible Note.; The $1.5 million principal amount repaid was convertible into an aggregate of 125,000 shares of common stock, par value $0.0001 per share, of the issuer.; $1.5 million principal amount of the Convertible Note was repaid and extinguished for face value.; The principal amount plus any accrued and unpaid interest was convertible at the holder's election after November 9, 2022. However, under certain circumstances, the number of Interest Shares could be limited, in which case interest amounts payable in excess of such limit shall instead be payable within five business days of the earlier of (x) August 11, 2026 and (y) the date the Company receives stockholder approval to issue more than the limit in respect of conversion of the Convertible Note, as amended.; The $15,500,000 principal amount of Convertible Notes outstanding immediately following the transaction was convertible into 1,291,666 shares of Common Stock at $12.00 per share. Column 9 does not include any interest accrued on the Convertible Note since August 11, 2025 (at a rate of 10% per annum), which may be converted into Interest Shares at the 10-day VWAP on the date of payment, subject to certain restrictions (see Footnote 3).