Xos Inc. Chief Operating Officer Giordano Sordoni sold 49,370 ordinary shares on August 20, 2026, for a total of $197,549 at an average price of $4.0014 per share, according to regulatory filings.
Sordoni, who also serves as a board member, retains 1,553,458 ordinary shares and 412,242 unvested restricted stock units. The transaction follows a 67% weekly gain in Xos’s stock price, though the company continues to operate at a loss.
Xos reported a second-quarter loss of $0.55 per share, narrower than the expected $0.60 loss, but revenue of $4.7 million fell short of the $12.15 million forecast. The revenue shortfall was attributed to a decline in deliveries compared with the prior year.
The company’s market capitalization stood at $49.76 million at the time of the filing. Xos also highlighted its first military contract, a prototype agreement with the U.S. Air Force to develop a mobile charging system for electrified support equipment and vehicles under the Showcase 2026 initiative.
