# EDGAR Filing Document

**Accession Number:** 0001819493
**File Stem:** 0001879464-26-000005
**Filing Date:** 2026-1
**Character Count:** 44775
**Document Hash:** ab73eb1c432a2b5c8519f4b77ed9a0a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001879464-26-000005.hdr.sgml**: 20260120

**ACCESSION NUMBER**: 0001879464-26-000005

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260120

**DATE AS OF CHANGE**: 20260120

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Xos, Inc.
- **CENTRAL INDEX KEY:** 0001819493
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 981550505
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91753
- **FILM NUMBER:** 26541677

**BUSINESS ADDRESS:**
- **STREET 1:** 3550 TYBURN STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90065
- **BUSINESS PHONE:** (818) 316-1890

**MAIL ADDRESS:**
- **STREET 1:** 3550 TYBURN STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90065

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NextGen Acquisition Corp
- **DATE OF NAME CHANGE:** 20200729
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Emerald Green Trust
- **CENTRAL INDEX KEY:** 0001879464

**ORGANIZATION NAME:**
- **EIN:** 826144039
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 32111 MULHOLLAND HIGHWAY
- **CITY:** MALIBU
- **STATE:** CA
- **ZIP:** 90265
- **BUSINESS PHONE:** 213-507-1473

**MAIL ADDRESS:**
- **STREET 1:** 32111 MULHOLLAND HIGHWAY
- **CITY:** MALIBU
- **STATE:** CA
- **ZIP:** 90265

## Exhibit 99.1

![](exh_99x1jointfilingagree001.jpg)

EXHIBIT 99.1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including any and all amendments thereto) with respect to the shares of common stock, par value $0.0001 per share, of Xos, Inc. and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filing. This Joint Filing Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement as of August 26, 2025. EMERALD GREEN TRUST By: /s/ Sarah Bardo Name: Sarah Bardo Title: Trustee /s/ Sarah Bardo Sarah Bardo /s/ Shane Semler Shane Semler

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## Exhibit 99.2

![](exh_99x2formof2025-05x27001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;Xos, Inc. Stock Sale Plan for Emerald Green Trust This Stock Sale Plan (this "Plan") is entered into this 27th day of May 2025 ("Adoption Date") between Emerald Green Trust (the "Participant") and Piper Sandler & Co. (the "Broker"). Recitals The Participant desires to establish this Plan to sell shares of common stock (the "Stock"), of Xos, Inc. (the "Issuer"). The Participant desires to engage the Broker to effect sales of shares of the Stock in accordance with this Plan. The Stock is principally traded on the Nasdaq Global Market Exchange (the "Exchange"). Agreement Therefore, the Participant and the Broker hereby agree as follows: 1. The Broker shall use its best efforts, consistent with ordinary principles of best execution, to effect planned transactions in the Stock (each, a "Planned Transaction") pursuant to the instructions set forth on Attachment A (the "Instructions") commencing on the date set forth in the Instructions. Subject to the Instructions, the Broker shall in its sole discretion choose the time(s) at which Planned Transaction(s) shall occur, whether to effect a Planned Transaction in bulk sales or smaller increments depending on market demand and the price at which any Planned Transaction is effected. All shares shall be traded on a not-held basis. The sale of the Stock pursuant to this Plan shall be executed by the Broker without prior consultation with or notice to the Participant. If any of the Instructions, either read separately or read in conjunction with the rest of this Plan, would result in conflicting, ambiguous or confusing directions, the Participant hereby authorizes the Broker to use its discretion to effect that portion of the Instructions as the Broker so determines. The Participant shall not attempt to exercise any influence over how, when or whether to effect Planned Transactions pursuant to this Plan. The Participant will not, directly or indirectly, communicate any material nonpublic information about the Stock or the Issuer to any employee of Broker other than an investment banking employee. 2. This Plan shall become effective on the date hereof and shall terminate as described in Attachment A. Notwithstanding the provisions in Attachment A, the Participant may terminate this Plan at any time by providing written notice of termination prior to the requested date of termination. 3. The Participant understands that if the Broker is not able to effect part or all of a Planned Transaction due to a market disruption or a legal, regulatory, or contractual restriction applicable to the Broker or due to the exercise of any time/price discretion granted to the Broker under this Plan, then such Planned Transaction shall be suspended during such event. The Broker shall effect such Planned Transaction, or part thereof, as promptly as practical after the cessation

------

![](exh_99x2formof2025-05x27002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;or termination of such market disruption, applicable restriction, or other event, provided that no such Planned Transaction shall be effected after the termination of this Plan. 4. The Participant represents and warrants that the Participant: (a) is not aware of any material nonpublic information with respect to the Stock or the Issuer and during the term of the Plan will not, directly or indirectly, communicate any material nonpublic information relating to the Stock or the Issuer; (b) adopted this Plan in good faith and not as part of a plan or scheme to evade the prohibitions of SEC Rule 10b5-1; (c) adopted this Plan in compliance with the requirements of SEC Rule 10b5- 1; (d) has selected a trading commencement date set forth on the Instructions that complies with the applicable cooling off period under SEC Rule 10b5-1(c)(1)(ii)(B). (e) has no other outstanding contract, instruction, or plan that would qualify for the affirmative defense under SEC Rule 10b5-1(c)(1) for purchases or sales of Issuer securities, including the Stock, on the open market except as permitted by SEC Rule 10b5- 1(c)(1)(ii)(D) and, while this Plan is in effect, will not enter into any such contract, instruction, or plan; (f) if this Plan is a single trade arrangement as defined in SEC Rule 10b5- 1(c)(1)(ii)(E) (a "Single Trade Plan"), has not entered into a Single Trade Plan during the prior 12-month period except as permitted by SEC Rule 10b5-1(c)(1)(ii)(D)(3) for certain sell-to-cover transactions. (g) is not subject to any legal, regulatory, or contractual restriction or undertaking that would prevent the Broker from conducting the Planned Transactions in accordance with this Plan; (h) owns free and clear of any liens, claims, encumbrances or other restrictions the shares of Stock to be sold under this Plan subject, in the case of shares of Stock underlying stock options to be exercised pursuant to this Plan, only to the compliance by the Participant with the exercise provisions of such options; (i) is or is not an affiliate of the Issuer for purposes of SEC Rule 144 as indicated on the Instructions; (j) is currently able to purchase and sell shares of Stock in accordance with the Issuer's insider-trading policies and has obtained the approval of the Issuer's General Counsel (or other appropriate compliance officer) to enter into this Plan at this time which approval is evidenced below by the Issuer's acknowledgement hereof. 5. The Participant shall immediately notify the Broker if the Participant becomes subject to a legal, regulatory, or contractual restriction or undertaking that would prevent the Broker from making Planned Transactions under this Plan, and, in such a case, the Participant and

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![](exh_99x2formof2025-05x27003.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;the Broker shall cooperate to amend or otherwise revise this Plan to take account of the restriction or undertaking (but neither party shall be obligated to take any action that would be inconsistent with SEC Rule 10b5-1(c)). 6. It is the parties' intent that this Plan comply with the requirements of SEC Rule 10b5-1(c)(1) and this Plan shall be interpreted to comply with the requirements thereof. Any provision of this Plan that cannot be construed in accordance with Rule 10b5-1(c) shall be void. 7. SEC Rule 144 is not available for the resale of securities initially issued by shell companies or issuers that have been at any time previously a shell company until certain conditions are met and, as a result, SEC Rule 144 is not available for resales of any Issuer securities until after the Rule 144 Availability Date set forth in the Instructions. Prior to such Rule 144 Availability Date, the shares of Stock to be sold under this Plan are registered for resale by Participant pursuant to a prospectus that forms a part of a registration statement on Form S-3 under the Securities Act or Form S-8 under the Securities Act having the registration statement number set forth in the Instructions. Unless the offer and sale of the shares of Stock are registered on a registration statement under the Securities Act of 1933, as amended (the "Securities Act"), (a) if the Participant is an "affiliate" of the Issuer for purposes of SEC Rule 144, as represented by the Participant in the Instructions, then the Broker agrees to conduct all Planned Transactions in accordance with the manner-of-sale requirement of Rule 144, and in no event shall the Broker effect any such Planned Transaction if it would exceed the then-applicable volume limitation under Rule 144, assuming that the sales under this Plan are the only sales subject to that limitation, and (b) the Participant agrees not to take, and agrees to cause any person or entity with which the Participant would be required to aggregate sales of Stock under Rule 144 not to take, any action that would cause any such sale not to comply with Rule 144. As a courtesy to Participant, Broker shall prepare and, subject to review by Participant's counsel if requested by the Broker, file one Form 144 at the beginning of each three-month period, commencing with the first sale, covering the estimated number of shares of Stock to be sold pursuant to this Plan during such three-month period. The Participant hereby grants Broker a power of attorney to complete and/or file on behalf of Participant any required Forms 144. With respect to shares of Stock, the offer and sale of which are registered on a registration statement under the Securities Act, the Broker agrees to comply with any applicable prospectus delivery requirements related thereto and the Broker further acknowledges that the shares of Stock subject to the Planned Transaction are currently so registered. For any Form 144 required to be filed electronically with EDGAR, the Participant has indicated on the Instructions whether the Participant (or a filing agent, other than the Broker, on behalf of the Participant) or the Broker (as filing agent for the Participant) will make such filing. For filings to be made by the Participant (or a filing agent, other than the Broker, on behalf of the Participant), the Broker will use its reasonable best efforts to notify promptly the designated individuals of the Issuer of the relevant trade details of any Planned Transaction on the date of execution of such Planned Transaction. For filings to be made by the Broker (as filing agent for the Participant), the Participant represents that the Participant has an account with EDGAR for filing Forms 144 for sales under this Plan and agrees to maintain the account with EDGAR for the term of the Plan, or such earlier date when the Participant ceases to be an "affiliate" of the Issuer, so that Forms 144 may be filed for any sale of Stock under this Plan. If the Participant has elected for filings to be made by the Broker, the Participant has provided to the Broker the Participant's EDGAR access codes (i.e., EDGAR account number (CIK) and CIK Confirmation Code (CCC)) and the Issuer's EDGAR account number (CIK).

------

![](exh_99x2formof2025-05x27004.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The Participant acknowledges that the Issuer may suspend the Planned Transactions at such times and for such periods as may be advisable to ensure compliance with, among other things, applicable securities laws and regulations, rules of the Exchange, or contractual or accounting requirements in connection with acquisitions or dispositions by the Issuer or the Issuer's purchases or sales of its securities. Any such suspension shall be communicated to the Broker in writing by the Issuer's General Counsel or other appropriate compliance officer and shall contain an acknowledgment that such suspension is being made in accordance with Rule 10b5-1(c). 9. The Broker agrees not to use any information about the Planned Transactions in connection with purchases or sales of, or trading in, any securities of the Issuer, or derivative securities thereof, or provide other people with such information or recommend that other people buy or sell securities based upon such information. 10. The Participant agrees to make all filings required under Sections 13(d) and 16 of the Securities Exchange Act of 1934 (e.g., Forms 4 and 5) with respect to the Planned Transactions. The Broker shall have no responsibility for any such filings. However, as a courtesy to the Participant, the Broker will use its reasonable best efforts to notify the designated individuals of the Issuer of the relevant trade details of any Planned Transaction no later than 24 hours from the date of execution of such Planned Transaction. The Broker will notify the individual(s) designated on the Instructions by email: 11. All share numbers and dollar amounts set forth in this Plan shall automatically be adjusted to reflect stock splits, stock dividends, and similar events occurring after the date hereof. 12. The Participant may trade in securities of the Issuer in addition to the Planned Transaction, provided that the Participant complies with the insider-trading policies of the Issuer and applicable regulatory requirements and the Participant does not enter into or alter a corresponding or hedging transaction or position with respect to the Planned Transactions. The Participant agrees to promptly notify the Broker of any transaction in the Stock by the Participant other than a Planned Transaction pursuant to this Plan. 13. This Plan may be amended only by a writing executed by the Participant and the Broker that is acknowledged by the Issuer. Any such written amendment modifying or changing the amount, price, or timing of the sale of Stock under this Plan shall contain the Participant's representation that the Participant knows of no material nonpublic information regarding the Stock or the Issuer as of the date thereof and that the amendment is adopted in good faith and not as part of a plan or scheme to evade the prohibitions of SEC Rule 10b5-1. [Signature Page Follows]

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![](exh_99x2formof2025-05x27005.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the undersigned have signed this Plan as of the date first written above. Emerald Green Trust By: Sarah Bardo Title: Trustee Piper Sandler & Co. By: Its: Acknowledged by: Xos, Inc. By: Title:

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## Exhibit 99.3

![](exh_99x3formof2025-11x21001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;Xos, Inc. Stock Sale Plan for Emerald Green Trust This Stock Sale Plan (this "Plan") is entered into this 21st day of November 2025 ("Adoption Date") between Emerald Green Trust (the "Participant") and Piper Sandler & Co. (the "Broker"). Recitals The Participant desires to establish this Plan to sell shares of common stock (the "Stock"), of Xos, Inc. (the "Issuer"). The Participant desires to engage the Broker to effect sales of shares of the Stock in accordance with this Plan. The Stock is principally traded on the Nasdaq Global Market Exchange (the "Exchange"). Agreement Therefore, the Participant and the Broker hereby agree as follows: 1. The Broker shall use its best efforts, consistent with ordinary principles of best execution, to effect planned transactions in the Stock (each, a "Planned Transaction") pursuant to the instructions set forth on Attachment A (the "Instructions") commencing on the date set forth in the Instructions. Subject to the Instructions, the Broker shall in its sole discretion choose the time(s) at which Planned Transaction(s) shall occur, whether to effect a Planned Transaction in bulk sales or smaller increments depending on market demand and the price at which any Planned Transaction is effected. All shares shall be traded on a not-held basis. The sale of the Stock pursuant to this Plan shall be executed by the Broker without prior consultation with or notice to the Participant. If any of the Instructions, either read separately or read in conjunction with the rest of this Plan, would result in conflicting, ambiguous or confusing directions, the Participant hereby authorizes the Broker to use its discretion to effect that portion of the Instructions as the Broker so determines. The Participant shall not attempt to exercise any influence over how, when or whether to effect Planned Transactions pursuant to this Plan. The Participant will not, directly or indirectly, communicate any material nonpublic information about the Stock or the Issuer to any employee of Broker other than an investment banking employee. 2. This Plan shall become effective on the date hereof and shall terminate as described in Attachment A. Notwithstanding the provisions in Attachment A, the Participant may terminate this Plan at any time by providing written notice of termination prior to the requested date of termination. 3. The Participant understands that if the Broker is not able to effect part or all of a Planned Transaction due to a market disruption or a legal, regulatory, or contractual restriction applicable to the Broker or due to the exercise of any time/price discretion granted to the Broker under this Plan, then such Planned Transaction shall be suspended during such event. The Broker shall effect such Planned Transaction, or part thereof, as promptly as practical after the cessation

------

![](exh_99x3formof2025-11x21002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;or termination of such market disruption, applicable restriction, or other event, provided that no such Planned Transaction shall be effected after the termination of this Plan. 4. The Participant represents and warrants that the Participant: (a) is not aware of any material nonpublic information with respect to the Stock or the Issuer and during the term of the Plan will not, directly or indirectly, communicate any material nonpublic information relating to the Stock or the Issuer; (b) adopted this Plan in good faith and not as part of a plan or scheme to evade the prohibitions of SEC Rule 10b5-1; (c) adopted this Plan in compliance with the requirements of SEC Rule 10b5- 1; (d) has selected a trading commencement date set forth on the Instructions that complies with the applicable cooling off period under SEC Rule 10b5-1(c)(1)(ii)(B). (e) has no other outstanding contract, instruction, or plan that would qualify for the affirmative defense under SEC Rule 10b5-1(c)(1) for purchases or sales of Issuer securities, including the Stock, on the open market except as permitted by SEC Rule 10b5- 1(c)(1)(ii)(D) and, while this Plan is in effect, will not enter into any such contract, instruction, or plan; (f) if this Plan is a single trade arrangement as defined in SEC Rule 10b5- 1(c)(1)(ii)(E) (a "Single Trade Plan"), has not entered into a Single Trade Plan during the prior 12-month period except as permitted by SEC Rule 10b5-1(c)(1)(ii)(D)(3) for certain sell-to-cover transactions. (g) is not subject to any legal, regulatory, or contractual restriction or undertaking that would prevent the Broker from conducting the Planned Transactions in accordance with this Plan; (h) owns free and clear of any liens, claims, encumbrances or other restrictions the shares of Stock to be sold under this Plan subject, in the case of shares of Stock underlying stock options to be exercised pursuant to this Plan, only to the compliance by the Participant with the exercise provisions of such options; (i) is or is not an affiliate of the Issuer for purposes of SEC Rule 144 as indicated on the Instructions; (j) is currently able to purchase and sell shares of Stock in accordance with the Issuer's insider-trading policies and has obtained the approval of the Issuer's General Counsel (or other appropriate compliance officer) to enter into this Plan at this time which approval is evidenced below by the Issuer's acknowledgement hereof. 5. The Participant shall immediately notify the Broker if the Participant becomes subject to a legal, regulatory, or contractual restriction or undertaking that would prevent the Broker from making Planned Transactions under this Plan, and, in such a case, the Participant and

------

![](exh_99x3formof2025-11x21003.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;the Broker shall cooperate to amend or otherwise revise this Plan to take account of the restriction or undertaking (but neither party shall be obligated to take any action that would be inconsistent with SEC Rule 10b5-1(c)). 6. It is the parties' intent that this Plan comply with the requirements of SEC Rule 10b5-1(c)(1) and this Plan shall be interpreted to comply with the requirements thereof. Any provision of this Plan that cannot be construed in accordance with Rule 10b5-1(c) shall be void. 7. SEC Rule 144 is not available for the resale of securities initially issued by shell companies or issuers that have been at any time previously a shell company until certain conditions are met and, as a result, SEC Rule 144 is not available for resales of any Issuer securities until after the Rule 144 Availability Date set forth in the Instructions. Prior to such Rule 144 Availability Date, the shares of Stock to be sold under this Plan are registered for resale by Participant pursuant to a prospectus that forms a part of a registration statement on Form S-3 under the Securities Act or Form S-8 under the Securities Act having the registration statement number set forth in the Instructions. Unless the offer and sale of the shares of Stock are registered on a registration statement under the Securities Act of 1933, as amended (the "Securities Act"), (a) if the Participant is an "affiliate" of the Issuer for purposes of SEC Rule 144, as represented by the Participant in the Instructions, then the Broker agrees to conduct all Planned Transactions in accordance with the manner-of-sale requirement of Rule 144, and in no event shall the Broker effect any such Planned Transaction if it would exceed the then-applicable volume limitation under Rule 144, assuming that the sales under this Plan are the only sales subject to that limitation, and (b) the Participant agrees not to take, and agrees to cause any person or entity with which the Participant would be required to aggregate sales of Stock under Rule 144 not to take, any action that would cause any such sale not to comply with Rule 144. As a courtesy to Participant, Broker shall prepare and, subject to review by Participant's counsel if requested by the Broker, file one Form 144 at the beginning of each three-month period, commencing with the first sale, covering the estimated number of shares of Stock to be sold pursuant to this Plan during such three-month period. The Participant hereby grants Broker a power of attorney to complete and/or file on behalf of Participant any required Forms 144. With respect to shares of Stock, the offer and sale of which are registered on a registration statement under the Securities Act, the Broker agrees to comply with any applicable prospectus delivery requirements related thereto and the Broker further acknowledges that the shares of Stock subject to the Planned Transaction are currently so registered. For any Form 144 required to be filed electronically with EDGAR, the Participant has indicated on the Instructions whether the Participant (or a filing agent, other than the Broker, on behalf of the Participant) or the Broker (as filing agent for the Participant) will make such filing. For filings to be made by the Participant (or a filing agent, other than the Broker, on behalf of the Participant), the Broker will use its reasonable best efforts to notify promptly the designated individuals of the Issuer of the relevant trade details of any Planned Transaction on the date of execution of such Planned Transaction. For filings to be made by the Broker (as filing agent for the Participant), the Participant represents that the Participant has an account with EDGAR for filing Forms 144 for sales under this Plan and agrees to maintain the account with EDGAR for the term of the Plan, or such earlier date when the Participant ceases to be an "affiliate" of the Issuer, so that Forms 144 may be filed for any sale of Stock under this Plan. If the Participant has elected for filings to be made by the Broker, the Participant has provided to the Broker the Participant's EDGAR access codes (i.e., EDGAR account number (CIK) and CIK Confirmation Code (CCC)) and the Issuer's EDGAR account number (CIK).

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![](exh_99x3formof2025-11x21004.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The Participant acknowledges that the Issuer may suspend the Planned Transactions at such times and for such periods as may be advisable to ensure compliance with, among other things, applicable securities laws and regulations, rules of the Exchange, or contractual or accounting requirements in connection with acquisitions or dispositions by the Issuer or the Issuer's purchases or sales of its securities. Any such suspension shall be communicated to the Broker in writing by the Issuer's General Counsel or other appropriate compliance officer and shall contain an acknowledgment that such suspension is being made in accordance with Rule 10b5-1(c). 9. The Broker agrees not to use any information about the Planned Transactions in connection with purchases or sales of, or trading in, any securities of the Issuer, or derivative securities thereof, or provide other people with such information or recommend that other people buy or sell securities based upon such information. 10. The Participant agrees to make, or to assist the Issuer in making, all filings required under Sections 13(d) and 16 of the Securities Exchange Act of 1934 (e.g., Forms 4 and 5) with respect to the Planned Transactions. The Broker shall have no responsibility for any such filings. However, as a courtesy to the Participant, the Broker will use its reasonable best efforts to notify the designated individuals of the Issuer of the relevant trade details of any Planned Transaction no later than 24 hours from the date of execution of such Planned Transaction. The Broker will notify the individual(s) designated on the Instructions by email: 11. All share numbers and dollar amounts set forth in this Plan shall automatically be adjusted to reflect stock splits, stock dividends, and similar events occurring after the date hereof. 12. The Participant may trade in securities of the Issuer in addition to the Planned Transaction, provided that the Participant complies with the insider-trading policies of the Issuer and applicable regulatory requirements and the Participant does not enter into or alter a corresponding or hedging transaction or position with respect to the Planned Transactions. The Participant agrees to promptly notify the Broker of any transaction in the Stock by the Participant other than a Planned Transaction pursuant to this Plan. 13. This Plan may be amended only by a writing executed by the Participant and the Broker that is acknowledged by the Issuer. Any such written amendment modifying or changing the amount, price, or timing of the sale of Stock under this Plan shall contain the Participant's representation that the Participant knows of no material nonpublic information regarding the Stock or the Issuer as of the date thereof and that the amendment is adopted in good faith and not as part of a plan or scheme to evade the prohibitions of SEC Rule 10b5-1. [Signature Page Follows]

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![](exh_99x3formof2025-11x21005.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the undersigned have signed this Plan as of the date first written above. Emerald Green Trust By: Sarah Bardo Title: Trustee Piper Sandler & Co. By: Mark Cieciura Its: Managing Director Acknowledged by: Xos, Inc. By: David M. Zlotchew Title: General Counsel

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### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**Xos, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**98423B306**

*(CUSIP Number)*

**David Zlotchew**<br>3550 Tyburn Street<br>Unit 100<br>Los Angeles CA 90065<br>917-771-8144

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**08/26/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **98423B306** |

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| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Emerald Green Trust** | Name of reporting person<br>**Emerald Green Trust** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**GEORGIA** | Citizenship or place of organization<br>**GEORGIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1561229.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1561229.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1561229.00** | Aggregate amount beneficially owned by each reporting person<br>**1561229.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**13.8%** | Percent of class represented by amount in Row (11)<br>**13.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

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**Comment for Reporting Person:** (1) [Line 2(b)] This Schedule 13D/A is filed jointly by Emerald Green Trust ("Emerald Green"), Sarah Bardo and Shane Semler (together with Ms. Bardo and Emerald Green, the "Reporting Persons").  The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13D/A.
(2) [Lines 8, 10 & 11] Consists of 1,561,229 shares of Common Stock held directly by Emerald Green.  As co-trustees of Emerald Green, Sarah Bardo and Shane Semler share voting and dispositive power over the 1,561,229 shares of Common Stock held by Emerald Green.
(3) [Line 13] Based on approximately 11,334,192 shares of Common Stock outstanding as of November 10, 2025, as reported on the Company's Form 10-Q filed November 13, 2025 (the "Form 10-Q").

| **CUSIP No.** | **98423B306** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Sarah Bardo** | Name of reporting person<br>**Sarah Bardo** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1561232.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1561232.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1561232.00** | Aggregate amount beneficially owned by each reporting person<br>**1561232.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**13.8%** | Percent of class represented by amount in Row (11)<br>**13.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) [Line 2(b)] This Schedule 13D/A is filed jointly by the Reporting Persons.  The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13D/A.
(2) [Lines 8, 10 & 11] Consists of:  (a) 1,561,229 shares of Common Stock held by Emerald Green; and (b) 3 shares of Common Stock held by Sarah Bardo's spouse.  As co-trustees of Emerald Green, Sarah Bardo and Shane Semler share voting and dispositive power over the 1,561,229 shares of Common Stock held by Emerald Green. Sarah Bardo may be deemed to share voting and dispositive power over shares of Common Stock held by her spouse.
(3) [Line 13] Based on approximately 11,334,192 shares of Common Stock outstanding as of November 10, 2025, as reported in the Form 10-Q.

| **CUSIP No.** | **98423B306** |

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| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Shane Semler** | Name of reporting person<br>**Shane Semler** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**6003.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1561229.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**6003.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1561229.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1567232.00** | Aggregate amount beneficially owned by each reporting person<br>**1567232.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**13.8%** | Percent of class represented by amount in Row (11)<br>**13.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) [Line 2(b)] This Schedule 13D/A is filed jointly by the Reporting Persons.  The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13D/A.
(2) [Lines 7, 9 & 11] Consists of 6,003 shares of Common Stock held directly by Shane Semler.
(3) [Lines 8, 10 & 11] Consists of 1,561,229 shares of Common Stock held by Emerald Green.  As co-trustees of Emerald Green, Sarah Bardo and Shane Semler share voting and dispositive power over shares of Common Stock held by Emerald Green.
(4) [Line 13] Based on approximately 11,334,192 shares of Common Stock outstanding as of November 10, 2025, as reported in the Form 10-Q.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Xos, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
3550 Tyburn Street, Los Angeles, CA, 90065

This Amendment No. 3 to Schedule 13D (this "Amendment No. 3") amends and supplements the Statement of Beneficial Ownership on Schedule 13D initially filed by Dakota Semler, Emerald Green Trust ("Emerald Green") and GenFleet LLC ("GenFleet") with the SEC on August 30, 2021 (as it may be amended and supplemented from time to time, the "Schedule 13D") with respect to the Common Stock, par value $0.0001 per share (the "Common Stock"), of Xos, Inc., a Delaware corporation (the "Issuer"). Except as amended and supplemented by this Amendment No. 3, the Schedule 13D remains unchanged.  Capitalized terms used herein and not otherwise defined in this Amendment No. 3 have the meanings previously defined in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 is hereby amended and supplemented as follows:

On May 27, 2025, Emerald Green adopted a Stock Sales Plan (the "Emerald May Plan") with Piper Sandler & Co. ("Piper"), pursuant to which Piper was authorized to sell shares of Common Stock on behelf of Emerald Green during the period beginning the later of (i) August 26, 2025 and (ii) two business day after the Company files its Form 10-Q for the quarter ended June 30, 2025, and ending August 26, 2026, subject to earlier termination in accordance with the Emerald May Plan and applicable laws, rules and regulations.  The Emerald May Plan was terminated effective as of market close on September 12, 2025. On November 21, 2025, Emerald Green adopted a Stock Sales Plan (the "Emerald November Plan" and, together with the Emerald May Plan, the "Emerald 2025 Plans") with Piper, pursuant to which Piper is authorized to sell shares of Common Stock on behelf of Emerald Green during the period beginning the later of (i) February 20, 2026 and (ii) two business day after the Company files its Form 10-K for the year ending December 31, 2025, and ending December 31, 2026, subject to earlier termination in accordance with the Emerald November Plan and applicable laws, rules and regulations. Transactions under the Emerald 2025 Plans were or are subject to certain price restrictions and other restrictions under the terms of the applicable Emerald 2025 Plan. Each of the Emerald 2025 Plans is intended to comply with the requirements of Rule 10b5-1(c) promulgated under the Act.

The Reporting Persons have, and in the future may, acquire additional shares of Common Stock or dispose of some or all of the shares of Common Stock held by them in open-market transactions or privately negotiated transactions, on such terms and at such times as the Reporting Persons may deem advisable, subject to applicable law.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information relating to the beneficial ownership of shares of Common Stock by each of the Reporting Persons set forth in Rows 7 through 11 and 13 of the cover pages hereto is incorporated herein by reference

**(b)**
The information relating to the beneficial ownership of shares of Common Stock by each of the Reporting Persons set forth in Rows 7 through 11 and 13 of the cover pages hereto is incorporated herein by reference

**(c)**
Except as follows, there were no transactions in the shares of Common Stock that were effected during the past sixty days by the Reporting Persons or since the most recent Schedule 13D filing, whichever is less:  (i) On August 26, 2025, Emerald Green sold 41,894 shares of Common Stock at a weighted average sales price of $3.0235 per share; (ii) on August 27, 2025, Emerald Green sold 28,384 shares of Common Stock at a weighted average sales price of $3.0374 per share; (iii) on August 28, 2025, Emerald Green sold 20,398 shares of Common Stock at a weighted average sales price of $3.0001 per share; (iv) on August 29, 2025, Emerald Green sold 19,731 shares of Common Stock at a weighted average sales price of $2.8889 per share; (v) on September 2, 2025, Emerald Green sold 24,593 shares of Common Stock at a weighted average sales price of $2.6191 per share; (vi) on September 3, 2025, Emerald Green sold 19,333 shares of Common Stock at a weighted average sales price of $2.4764 per share; (vii) on September 4, 2025, Emerald Green sold 13,110 shares of Common Stock at a weighted average sales price of $2.2758 per share; (viii) on September 5, 2025, Emerald Green sold 5,479 shares of Common Stock at a weighted average sales price of $2.3042 per share; (ix) on September 8, 2025, Emerald Green sold 11,686 shares of Common Stock at a weighted average sales price of $2.2871 per share; (x) on September 9, 2025, Emerald Green sold 6,825 shares of Common Stock at a weighted average sales price of $2.2762 per share; (xi) on September 10, 2025, Emerald Green sold 6,195 shares of Common Stock at a weighted average sales price of $2.3463 per share; (xii) on September 11, 2025, Emerald Green sold 11,768 shares of Common Stock at a weighted average sales price of $2.3876 per share; (xiii) on September 12, 2025, Emerald Green sold 7,922 shares of Common Stock at a weighted average sales price of $2.3901 per share; and (xiv) on December 5, 2025, Emerald Green sold 12,983 shares of Common Stock at a weighted average sales price of $2.5185 per share.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons are parties to an agreement with respect to the joint filing of this Schedule 13D and any amendments hereto. A copy of such agreement is attached as Exhibit 1 to this Schedule 13D and is incorporated by reference herein.  The information set forth in Item 4 of this Amendment is incorporated by reference into this Item 6.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Emerald Green Trust

**Signature:** /s/ Sarah Bardo

**Name/Title:** Sarah Bardo, Trustee

**Date:** 01/14/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Sarah Bardo

**Signature:** /s/ Sarah Bardo

**Name/Title:** Sarah Bardo

**Date:** 01/14/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Shane Semler

**Signature:** /s/ Shane Semler

**Name/Title:** Shane Semler

**Date:** 01/16/2026