Insider Sale and Company Update
On September 16, 2026, Xos Inc. director Dietmar Ostermann disposed of 262 shares of the company’s common stock, and on the following day, September 17, 2026, he sold an additional 4,738 shares. The combined transactions generated proceeds of $12,747, with the share price ranging from $2.54 to $2.5501 per share.
Following these sales, Mr. Ostermann’s direct beneficial ownership in Xos Inc. is recorded at 85,226 shares, a figure that incorporates 60,584 unvested Restricted Stock Units (RSUs). At the time of reporting, XOS stock was trading at $2.59, reflecting a 43% year‑to‑date increase, and had moved within a 52‑week range of $1.60 to $8.27.
In parallel, Xos disclosed its second‑quarter 2026 financial results. The company posted an adjusted loss of $0.55 per share, which was narrower than the analysts’ consensus forecast of a $0.60 loss per share. Revenue for the quarter amounted to $4.7 million, substantially below the consensus expectation of $12.15 million.
The quarter also featured strategic contract wins. Xos secured its first defense contract, a prototype agreement with the U.S. Air Force to develop a mobile charging system for electrified support equipment and vehicles. Additionally, Xcel Energy placed a follow‑on order for three additional Xos Hub mobile charging systems: two units are designated to enhance fast‑charging capabilities at service centers in Colorado, while the third unit will serve customers affected by construction activities in Denver.
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