Xos director Dietmar Ostermann sells $34,913 in company stock

Xos, Inc. (NASDAQ:XOS) director Dietmar Ostermann recently sold 10,000 shares of the company's common stock on August 20, 2026. The transaction, which took place at a weighted average price of $3.4913 per share, amounted to a total value of $34,913. Ostermann's holdings in Xos now stand at 105,226 shares, comprised of 60,584 unvested Restricted Stock Units (RSUs).

Despite the sale, Xos stock has experienced a significant surge of nearly 93% year-to-date and posted a 61% gain over the past six months. However, the stock faced a sharp 21% decline over the previous week. Investors can explore further analysis of the company through InvestingPro's ProTips and financial metrics. In other news, Xos secured its first defense contract with the U.S. Air Force for a mobile charging system for electrified support equipment and vehicles.

Despite this milestone, Xos reported mixed second-quarter results, posting a smaller-than-expected loss of $0.55 per share while revenue fell significantly short of expectations.