Hyzon Motors Inc. - 22 Sep 2021 Form 4 Insider Report for Hyzon Motors Inc.

Role
Officer
Signature
/s/ Shinichi Hirano
Issuer symbol
N/A
Transactions as of
22 Sep 2021
Net transactions value
-$52,902
Form type
4
Filing time
24 Sep 2021, 21:54:49 UTC
Previous filing
16 Jul 2021
Next filing
04 Nov 2021
SEC
View on sec.gov

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 +17,720 17,720 22 Sep 2021 Direct F1
transaction HYZN Class A Common Stock, par value $0.0001 per share Sale $52,902 -5,437 -31% $9.73* 12,283 23 Sep 2021 Direct F2

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 -17,720 -17% $0.000000 88,600 22 Sep 2021 Class A Common Stock, par value $0.0001 per share 17,720 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 May 12, 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 $9.65 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:

Chief Technology Officer. At the current time, Shinichi Hirano, the Reporting Person, does not have the necessary SEC filing code. The reporting person is currently obtaining the necessary filing code and upon receipt will file an amended Form 4.