Andrew Alan Lambert - May 3, 2023 Form 4 Insider Report for Heliogen, Inc. (HLGN)

Role: Chf. Mfg. & Sply. Chain Ofc.
Signature: /s/ Deborah Chen, Attorney-in-Fact
Stock symbol: HLGN
Transactions as of: May 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/5/2023, 06:06 PM
Previous filing: Dec 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLGN	Common Stock	Award	$0	+200K	+25.94%	$0.00	971K	May 3, 2023	Direct	F1
holding	HLGN	Common Stock						96	May 3, 2023	As custodian for UTMA account	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are represented by restricted stock units ("RSUs") granted on May 3, 2023 under Issuer's 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Common Stock of the Issuer. The shares of Common Stock underlying the RSUs will vest over a period of four years. 6.25% of the shares of Common Stock underlying the RSUs vest on June 15, 2023 and on each March 15, June 15, September 15 and December 15 thereafter, subject to the Reporting Person's continuous service.
F2	The shares are held in a custodial account established for an immediate family member of the Reporting Person pursuant to the Uniform Transfers to Minors Act for which the Reporting Person serves as a custodian. The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

Content

These shares are represented by restricted stock units ("RSUs") granted on May 3, 2023 under Issuer's 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the Common Stock of the Issuer. The shares of Common Stock underlying the RSUs will vest over a period of four years. 6.25% of the shares of Common Stock underlying the RSUs vest on June 15, 2023 and on each March 15, June 15, September 15 and December 15 thereafter, subject to the Reporting Person's continuous service.

The shares are held in a custodial account established for an immediate family member of the Reporting Person pursuant to the Uniform Transfers to Minors Act for which the Reporting Person serves as a custodian. The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.