Xos Inc. director Michael Richardson sold $22,552 worth of company stock over three transactions in July under a pre-arranged Rule 10b5-1 trading plan adopted in September 2025.
The disposals totaled 9,357 shares at weighted average prices between $2.35 and $2.49 per share. On July 10, Richardson sold 3,119 shares at $2.4935 each, followed by 3,119 shares at $2.3473 on July 13, and a further 3,119 shares at $2.3899 on July 14.
The sales occurred as Xos Inc. reported a smaller-than-expected second-quarter loss of $0.55 per share on revenue of $4.7 million, missing analyst expectations. The company also secured a prototype contract with the U.S. Air Force to develop a mobile charging system for electrified vehicles, marking its entry into the military market.
Richardson concurrently received 60,584 restricted stock units (RSUs) on July 10, each convertible to one share upon vesting. The units are scheduled to vest on the earlier of Xos’s 2027 annual meeting or one year from the grant date, subject to continued service. After the sales, Richardson directly holds 138,491 shares of Xos common stock, including the unvested RSUs.
Xos’s stock has gained nearly 99% year-to-date and over 70% in the past six months, trading around $3.49 as of the latest data. Analysts at InvestingPro have flagged the shares as undervalued, trading below fair value.
