Filing Details

Accession Number:
0001214659-24-007230
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-04-19 21:35:32
Reporting Period:
2023-09-15
Accepted Time:
2024-04-19 21:35:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1722969 Nxu Inc. NXU Truck & Bus Bodies (3713) 814380534
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1940471 Apoorv Dwivedi C/O Nxu, Inc.
1828 N. Higley Rd., Suite 116
Mesa AZ 85205
Chief Financial Officer No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-09-15 66,667 $0.00 936,630 No 4 A Direct
Class A Common Stock Disposition 2023-10-19 19,650 $0.04 916,980 No 4 S Direct
Class A Common Stock Acquisiton 2023-10-31 238,095 $0.00 1,155,075 No 4 A Direct
Class A Common Stock Acquisiton 2023-11-30 416,667 $0.00 1,572,742 No 4 A Direct
Class A Common Stock Acquisiton 2023-12-04 20,000 $0.00 1,591,742 No 4 A Direct
Class A Common Stock Acquisiton 2023-12-04 30,000 $0.00 1,621,742 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
No 4 A Direct
No 4 A Direct
No 4 A Direct
No 4 A Direct
Footnotes
  1. The transaction is being reported later due to an inadvertent administrative error.
  2. The Reporting Person is eligible to receive a number of Performance Stock Units with a value of up to 6.25% of the Reporting Person's total annual compensation each quarter for four quarters, subject to the Reporting Person's continuous service and certain other performance conditions, beginning on the last day of the third quarter of 2023. The number of Performance Stock Units granted is calculated by dividing the dollar value of the award by the closing share price on the first trading day immediately preceding the 15th day of the month prior to each vesting date. On September 15, 2023, the Reporting Person was granted 66,667 Performance Stock Units, which vested on September 30, 2023. The Performance Stock Units may be settled solely by delivery of an equal number of shares of Class A common stock of the Issuer
  3. Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
  4. Represents shares of Class A common stock sold to cover tax withholding obligations and other applicable fees in connection with the vesting and settlement of Performance Stock Units pursuant to mandatory "sell to cover" provisions contained in the Reporting Person's applicable Performance Stock Unit grant agreement, and does not represent a discretionary sale by the Reporting Person.
  5. These Restricted Stock Units were vested upon the Reporting Person's separation from the Company.