Xos Inc. (NASDAQ: XOS) director Dietmar Ostermann sold 10,000 shares of common stock on August 20, 2026, for a total of $34,913 at weighted average prices between $3.4913 and $3.50 per share.
The transaction reduced Ostermann’s direct holdings to 105,226 shares, including 60,584 unvested restricted stock units. The disposal follows a 21% weekly decline in Xos shares, which had previously gained nearly 93% year-to-date and 61% over the past six months.
Xos, a developer of electric vehicle platforms, recently secured a prototype contract with the U.S. Air Force to build a mobile charging system for military electrified equipment. The deal marks the company’s first defense contract and entry into the defense sector.
Second-quarter results showed a smaller-than-expected loss of $0.55 per share, compared with a projected $0.60 loss, though revenue totaled $4.7 million, missing the $12.15 million forecast due to a sharp drop in deliveries from the prior year.
