SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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*
Wyant Sarah

(Last) (First) (Middle)
C/O NXU, INC.
1828 N HIGLEY RD., SUITE 116

(Street)
MESA AZ 85205

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/18/2023
3. Issuer Name and Ticker or Trading Symbol
Nxu, Inc. [ NXU ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Interim CFO
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 87,808(1) D
Class A Common Stock 6,654(2) D
Class A Common Stock 13,889(3) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The Reporting Person is eligible to receive an aggregate of 200,000 Restricted Stock Units, vesting in four equal monthly installments, beginning on the last day of the third quarter of 2023. On each of September 30, 2023, October 31, 2023 and November 30, 2023, the Reporting Person was granted 50,000 Restricted Stock Units, which vested on such dates. An aggregate of 62,192 shares of Class A Common Stock were sold to pay taxes. The Restricted Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.
2. The Reporting Person is eligible to receive a number of Performance Stock Units with a value of up to 6.25% of the Reporting Person's total annual compensation each quarter for four quarters, subject to the Reporting Person's continuous service and certain other performance conditions, beginning on the last day of the third quarter of 2023. The number of Performance Stock Units granted is calculated by dividing the dollar value of the award by the closing share price on the first trading day immediately preceding the 15th day of the month prior to each vesting date. On September 30, 2023, the Reporting Person was granted 13,889 Performance Stock Units, which vested on such date, and 7,235 shares of Class A Common Stock were sold to pay taxes. The Performance Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.
3. The Reporting Person is eligible to receive an aggregate of $10,000 of Restricted Stock Units, subject to the Reporting Person's continuous service, which vest in four equal quarterly installments, beginning on the last day of the third quarter of 2023. The number of Restricted Stock Units granted each quarter is calculated on the 15th day of the month prior to each vesting date by dividing $2,500 by the closing share price on the first trading day immediately preceding such date. On September 30, 2023, the Reporting Person was granted 13,889 Restricted Stock Units, which vested on such date. The Restricted Stock Units may be settled solely by delivery of an equal number of shares of Class A Common Stock of the Issuer.
Remarks:
Exhibit List: Exhibit 24 -- Power of Attorney
/s/ Jordan Christensen, as attorney-in-fact for Sarah Wyant 12/26/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                                                                            Exhibit 24

                               POWER OF ATTORNEY

      Know  all  by  these  presents that the undersigned hereby constitutes and
appoints  each  of  Annie  Pratt  and  Jordan  Christensen,  signing singly, the
undersigned's true and lawful attorney-in-fact to:

      1.  Execute  for  and  on  behalf of the undersigned, in the undersigned's
capacity  as  an  officer, director or greater than 10% shareholder of Nxu, Inc.
("Nxu"),  Forms  3,  4  and 5 in accordance with Section 16(a) of the Securities
Exchange Act of 1934 and the rules and regulations promulgated thereunder;

      2.  Do  and  perform any and all acts for and on behalf of the undersigned
which  may  be necessary or desirable to complete and execute any such Form 3, 4
or  5,  complete and execute any amendment or amendments thereto and timely file
such  form  with  the  United  States Securities and Exchange Commission and any
national  quotation  system,  national  securities  exchange,  stock exchange or
similar authority; and

      3.  Take  any  other  action of any type whatsoever in connection with the
foregoing  which, in the opinion of such attorney-in-fact, may be of benefit to,
in  the  best  interest  of  or  legally  required  by the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned  pursuant  to this Power of Attorney shall be in such form and shall
contain  such  terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.

      The  undersigned  hereby  grants  to  such attorney-in-fact full power and
authority  to  do  and perform any and every act and thing whatsoever requisite,
necessary  or  proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could  do  if personally present, with full power of substitution or revocation,
hereby  ratifying  and  confirming  all  that  such  attorney-in-fact,  or  such
attorney-in-fact's  substitute  or substitutes, shall lawfully do or cause to be
done  by  virtue  of  this  Power  of  Attorney and the rights and powers herein
granted.  The  undersigned  acknowledges that the foregoing attorney-in-fact, in
serving in such capacity at the request of the undersigned, is not assuming, nor
is  Nxu  assuming,  any  of  the  undersigned's  responsibilities to comply with
Section 16 of the Securities Exchange Act of 1934.

      This  Power  of  Attorney  shall remain in full force and effect until the
undersigned  is  no longer required to file Forms 3, 4 and 5 with respect to the
undersigned's  holdings  of and transactions in securities issued by Nxu, unless
earlier  revoked  by  the  undersigned  in  a  signed  writing  delivered to the
foregoing attorney-in-fact.

      IN  WITNESS  WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this December 11, 2023.

                                /s/ Sarah Wyant
                                ---------------
                                Sarah Wyant