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Emerald Green Trust, a ten percent owner of Xos, Inc. (NASDAQ:XOS), recently sold 63,657 shares of common stock in three separate transactions. The sales occurred between August 29, 2025, and September 3, 2025, with prices ranging from $2.4764 to $2.8889, resulting in a total transaction value of approximately $169,288. According to InvestingPro data, these transactions occurred as the stock trades near its 52-week low of $2.38, with the company showing an overall weak financial health score of 1.51 out of 5.
On August 29, 2025, the trust sold 19,731 shares at a weighted average price of $2.8889. These shares were sold in a range of $2.84 to $3.00. Following this, on September 2, 2025, 24,593 shares were sold at a weighted average price of $2.6191, with prices ranging from $2.54 to $2.80. The final transaction on September 3, 2025, involved the sale of 19,333 shares at a weighted average price of $2.4764, with prices ranging from $2.39 to $2.61. The selling pattern aligns with the stock’s recent performance, which shows a significant 19% decline over the past week and a 37% drop over six months.
These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 27, 2025. After the reported sales, Emerald Green Trust directly owns 1,637,197 shares of Xos, Inc.
The sales were reported in a Form 4 filing with the Securities and Exchange Commission. The filing was signed by Sarah Bardo, Trustee for Emerald Green Trust, on September 3, 2025.
In other recent news, Xos Inc reported a record revenue of $18.4 million for the second quarter of 2025. Despite this significant achievement, the company’s gross margin fell to 8.8% from 20.6% in the previous quarter. In other developments, Xos has entered into a lease termination agreement for its manufacturing facility in Mesa, Arizona. The termination is contingent upon the landlord securing a replacement tenant, with Xos potentially paying $2.7 million over 18 months if a new lease is signed. Additionally, Xos announced the appointment of former General Motors executive John F. Smith to its Board of Directors, effective August 18, 2025. Smith will also serve on the Board’s Audit Committee. Furthermore, Xos has amended its note agreement with Aljomaih Automotive Co., capping the number of common shares issued for interest payments at 1,737,247 shares. These recent developments highlight the company’s strategic adjustments and leadership changes.
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