Emerald green trust sells Xos (XOS) shares worth $18,934

Emerald Green Trust, a ten-percent owner of Xos, Inc. (NASDAQ:XOS), sold 7,922 shares of common stock on September 12, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The electric vehicle manufacturer, currently valued at $22.2 million, has seen its stock decline by over 33% in the past six months, according to InvestingPro data. The shares were sold at prices ranging from $2.37 to $2.42, with a weighted average price of $2.3901, totaling $18,934.

Following the transaction, Emerald Green Trust directly owns 1,574,212 shares of Xos, Inc. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 27, 2025.

The Form 4 filing was signed by Sarah Bardo, Trustee for Emerald Green Trust, on September 15, 2025.

In other recent news, Xos Inc reported a record revenue of $18.4 million for the second quarter of 2025. Despite this achievement, the company’s gross margin decreased to 8.8% from 20.6% in the previous quarter. Additionally, Xos has entered into a lease termination agreement for its manufacturing facility in Mesa, Arizona, contingent upon the landlord finding a replacement tenant. If a new lease is secured, Xos will make monthly payments totaling approximately $2.7 million over 18 months and forfeit a security deposit valued at about $1.2 million.

Xos also announced the appointment of John F. Smith, a former General Motors executive, to its Board of Directors. In another development, Xos has amended its note agreement with Aljomaih Automotive Co., setting a cap on the number of common shares issued in connection with interest payments. The cap is set at 1,737,247 shares, which represents 19.99% of Xos’s outstanding common shares as of August 8, 2025. These recent developments highlight significant strategic and financial moves by the company.

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