NXU Inc.

04/19/2024 | Press release | Distributed by Public on 04/19/2024 19:38

Amendment to Statement of Changes in Beneficial Ownership - Form 4/A

Ownership Submission
FORM 4/A
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Hanchett Mark
2. Issuer Name and Ticker or Trading Symbol
Nxu, Inc. [NXU] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
Chief Executive Officer /
(Last) (First) (Middle)
C/O NXU, INC. , 1828 N. HIGLEY RD., SUITE 116
3. Date of Earliest Transaction (Month/Day/Year)
(Street)
MESA AZ 85205
4. If Amendment, Date Original Filed(Month/Day/Year)
2023-10-18 		6. Individual or Join/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code 4. Securities Acquired (A) or Disposed of (D) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 6. Ownership Form: Direct (D) or Indirect (I) 7. Nature of Indirect Beneficial Ownership
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security 8. Price of Derivative Security 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 11. Nature of Indirect Beneficial Ownership
Code V (A) (D) Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hanchett Mark
C/O NXU, INC.
1828 N. HIGLEY RD., SUITE 116
MESA, AZ85205

Chief Executive Officer

Signatures

/s/ Jordan Christensen, as attorney-in-fact 2024-04-19
**Signature of Reporting Person Date

Explanation of Responses:

(*) If the form is filed by more than one reporting person, see Instruction 5(b)(v).
(**) Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On October 18, 2023, the Reporting Person reported that he was granted 442,613 Restricted Stock Units on October 15, 2023, which were not in fact granted. This Form 4 is being filed to correct the holdings of the Reporting Person.
(2) On October 18, 2023, the Reporting Person filed a Form 4 which inadvertently reported the incorrect aggregate amount of Restricted Stock Units the Reporting Person is eligible to receive. This Form 4 is being filed to correct the footnote. The Reporting Person is eligible to receive an aggregate of $1,800,000 of Restricted Stock Units, which vest monthly in equal installments over thirty-six months. The number of Restricted Stock Units granted each month will be calculated by dividing $40,277.78 by the closing share price on the first trading day immediately preceding the 15th day of each month for thirty one (31) months beginning June 30, 2023 and will be calculated by dividing $110,277 by the closing share price on the first trading day immediately preceding the 15th day of each month for the final five (5) months from January 31, 2026 to May 31, 2026. On October 15, 2023, the Reporting Person was granted 223,765 Restricted Stock Units, which vest on October 31, 2023.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.