John Zavoli - Sep 22, 2021 Form 4 Insider Report for Hyzon Motors Inc. (HYZN)

Role
General Counsel & Chief Legal Officer
Signature
/s/ John Zavoli, Attorney-in-fact
Stock symbol
HYZN
Transactions as of
Sep 22, 2021
Transactions value $
-$55,549
Form type
4
Date filed
9/24/2021, 09:53 PM
Previous filing
Jul 26, 2021
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYZN Class A Common Stock, par value $0.0001 per share Options Exercise +17.7K +1772% 18.7K Sep 22, 2021 Direct F1
transaction HYZN Class A Common Stock, par value $0.0001 per share Sale -$55.5K -5.71K -30.5% $9.73* 13K Sep 23, 2021 Direct F2
holding HYZN Class A Common Stock, par value $0.0001 per share 250 Sep 22, 2021 By Wife

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HYZN Restricted Stock Units Options Exercise $0 -17.7K -16.67% $0.00 88.6K Sep 22, 2021 Class A Common Stock, par value $0.0001 per share 17.7K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted under the Hyzon Motors Inc. 2020 Stock Incentive Plan, granted on February 18, 2021 (the "Grant Date"); restricted stock units vest pursuant to a five year vesting schedule, whereby one-sixth of the total number of shares vested on the Grant Date, subject to deferral to September 22, 2021, and each year on the anniversary of the Grant Date, subject to continued employment with the Issuer.
F2 Shares of Class A Common Stock were sold in the open market solely to satisfy tax obligations of the Reporting Person in connection with the vesting of the restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.66 to $9.735, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 2 to this Form 4.

Remarks:

General Counsel & Chief Legal Officer