NextGen Acquisition (NGAC) executive Sordoni sold 1,000,000 shares for $10M at $10.00

Insider transactions reported

Giordano Sordoni (executive at NextGen Acquisition Corporation, NGAC) reported that they sold 1,000,000 shares for $10M at $10.00, and received 24,253,816 shares on Aug 20, 2021. After these transactions the filing shows 23,253,816 shares held directly.

Reporting person

Sordoni Giordano

Holdings before and after

• Common Stock: 0 to 23,253,816 direct

Footnotes from the filing

1. 1. Received pursuant to the Agreement and Plan of Merger, dated as of February 21, 2021, as amended on May 14, 2021, by and among NextGen Acquisition Corporation ( Acquiror ), Sky Merger Sub I, Inc., a Delaware corporation and wholly owned subsidiary of Acquiror ( Merger Sub ) and Xos, Inc. ( Xos ), pursuant to which Merger Sub was merged with and into Xos, whereupon the separate existence of Merger Sub ceased and Xos became the surviving company and continued in existence as a subsidiary of Acquiror, which subsequently changed its name to Xos, Inc. (the Issuer ).
2. 2. Sold in connection with the subscription agreements with certain investors (the PIPE investors ) pursuant to which such investors agreed to purchase, substantially concurrently with the closing of the merger, an aggregate of $216,000,000 of the Issuer's shares of common stock, including $10,000,000 of common stock held by the Reporting Person, at a price of $10.00 per share, or an aggregate of 21,600,000 shares of common stock, including 1,000,000 shares of common stock held by the Reporting Person.

Transaction codes in this filing

Open-market sale:

Code S marks a sale in the open market or a private deal. The insider received cash for these securities.

Grant or award:

Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.

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