Xero ceases restricted stock units as conditions unmet

Xero Limited (ASX:XRO) has reported the cessation of 91,229 unquoted restricted stock units (ASX:XROAK). The cessation, effective November 11, 2025, occurred because the conditional rights to these securities lapsed, as their associated conditions were either not met or became incapable of being satisfied. Xero Limited confirmed that no consideration was paid by the entity for this cessation. This announcement was made on November 25, 2025.

Following this change, Xero Limited's issued capital has been updated. The total number of quoted ordinary fully paid shares (ASX:XRO) remains at 169,765,361. For unquoted securities, the number of restricted stock units (ASX:XROAK) has been reduced to 2,631,423. Additionally, the number of unquoted options expiring on various dates at various prices (ASX:XROAI) stands at 1,088,242.

The adjustments reflect a change in the company's unquoted equity securities. Xero Limited is an entity with ARBN 160661183. The notification provides a transparent overview of the impact on the company's capital structure following the lapsed restricted stock units.