Sec Form 4 Filing - Docherty Susan E @ ELECTRAMECCANICA VEHICLES CORP. - 2024-03-26

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
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. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Docherty Susan E
2. Issuer Name and Ticker or Trading Symbol
ELECTRAMECCANICA VEHICLES CORP. [ SOLO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and Interim COO
(Last) (First) (Middle)
8127 EAST RAY ROAD
3. Date of Earliest Transaction (MM/DD/YY)
03/26/2024
(Street)
MESA, AZ85212
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/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
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/26/2024 M 666,667 A 870,000 D
Common Stock 03/26/2024 M 875,000 A 1,745,000 D
Common Stock 03/26/2024 D 1,745,000 D 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Units ( 2 ) 03/26/2024 M 666,667 ( 2 )( 3 ) ( 2 )( 3 ) Common Stock 666,667 $ 0 0 D
Performance Share Units ( 4 ) 03/26/2024 M 437,500 ( 4 )( 5 ) ( 4 )( 5 ) Common Stock 437,500 $ 0 0 D
Performance Share Units ( 4 ) 03/26/2024 M 218,750 ( 4 )( 6 ) ( 4 )( 6 ) Common Stock 218,750 $ 0 0 D
Performance Share Units ( 4 ) 03/26/2024 M 218,750 ( 4 )( 7 ) ( 4 )( 7 ) Common Stock 218,750 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Docherty Susan E
8127 EAST RAY ROAD
MESA, AZ85212
X CEO and Interim COO
Signatures
/s/ Susan Docherty 03/26/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On March 26, 2024, Xos, Inc. ("Xos") acquired all of the issued and outstanding common shares (the "ElectraMeccanica Shares") of Electra Meccanica Vehicles Corp. ("ElectraMeccanica")pursuant to a plan of arrangement (the "Plan of Arrangement") under the Business Corp orations Act (British Columbia) (the "Arrangement"). Under the terms of the arrangement agreement,dated January 11, 2024, by and between ElectraMeccanica and Xos (as amended, the "Arrangement Agreement"), and the Plan of Ar rangement, at the effective time of the Arrangement (the"Effective Time"), each ElectraMeccanica Share outstanding immediately prior to the Effective Time was transferred to Xos in exchange for 0.0143739 shares of Xos common stock.
( 2 )Each restricted share unit ("RSU") represented a contingent right to receive one ElectraMeccanica Share upon vesting. Pursuant to the Arrangement Agreement, each RSU that wasoutstanding immediately prior to the Effective Time vested and was settled by ElectraMeccanica in exchange for one ElectraMec canica Share.
( 3 )On December 5, 2022, the reporting person was granted a total of 1,000,000 RSUs, which were to vest in three equal annual installments from the grant date.
( 4 )Each performance share unit ("PSU") represented a contingent right to receive one ElectraMeccanica Share upon vesting. Pursuant to the Arrangement Agreement, each PSU that was outstanding immediately prior to the Effective Time vested and was settled by ElectraMeccanica in exchange for one ElectraMec canica Share.
( 5 )On December 5, 2022, the reporting person was granted a total of 437,500 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $5.00 or greater.
( 6 )On December 5, 2022, the reporting person was granted a total of 218,750 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $6.00 or greater.
( 7 )On December 5, 2022, the reporting person was granted a total of 218,750 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $7.00 or greater.

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 4(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.