Electrameccanica Vehicles (SOLO) director Ingargiola acquired 289,914 shares

Insider transactions reported

Luisa Ingargiola (director at Electrameccanica Vehicles Corp. Ltd., SOLO) reported that they acquired 289,914 shares, and returned to the company 332,138 shares on Mar 26, 2024. After these transactions the filing shows 0 shares held directly.

Reporting person

Ingargiola Luisa

Options and other derivatives

Holdings before and after

• Common Stock: 42,224 to 0 direct
• Deferred Share Units: 8,797 to 0 direct

Footnotes from the filing

1. 1. On March 26, 2024, Xos, Inc. ( Xos ) acquired all of the issued and outstanding common shares (the ElectraMeccanica Shares ) of ElectraMeccanica Vehicles Corp. ( ElectraMeccanica ) pursuant to a plan of arrangement (the Plan of Arrangement ) under the Business Corporations Act (British Columbia) (the Arrangement ). Under the terms of the arrangement agreement, dated January 11, 2024, by and between ElectraMeccanica and Xos (as amended, the Arrangement Agreement ), and the Plan of Arrangement, at the effective time of the Arrangement (the Effective Time ), each ElectraMeccanica Share outstanding immediately prior to the Effective Time was transferred to Xos in exchange for 0.0143739 shares of Xos common stock.
2. 2. Each deferred share unit ( DSU ) represented a contingent right to receive one ElectraMeccanica Share (or, at the election of the reporting person and subject to the approval of the Plan Administrator (as defined in the issuer's 2020 Stock Incentive Plan (the Plan )), the cash value thereof) on the settlement date. Pursuant to the Arrangement Agreement, each DSU that was outstanding immediately prior to the Effective Time vested and was settled by ElectraMeccanica in exchange for one ElectraMeccanica Share.
3. 3. The DSUs vested over a period of one year from July 22, 2020.
4. 4. The DSUs vested over a period of one year from September 22, 2021.
5. 5. The DSUs vested in full upon grant.

Transaction codes in this filing

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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