Josef Matosevic - Feb 28, 2023 Form 4 Insider Report for HELIOS TECHNOLOGIES, INC. (HLIO)

Role: President and CEO
Signature: /s/ Marc Greenberg, Attorney-in-Fact for Josef Matosevic
Stock symbol: HLIO
Transactions as of: Feb 28, 2023
Transactions value $: -$437,208
Form type: 4
Date filed: 3/2/2023, 02:29 PM
Previous filing: Jan 31, 2023
Next filing: Jul 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLIO	Common Stock	Options Exercise	$0	+20.4K	+117.25%	$0.00	37.8K	Feb 28, 2023	Direct	F1
transaction	HLIO	Common Stock	Tax liability	-$437K	-8.03K	-21.24%	$54.44	29.8K	Feb 28, 2023	Direct	F2
holding	HLIO	Common Stock						35.2	Feb 28, 2023	By Son	F3

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	HLIO	Performance-Based Restricted Stock Units	Options Exercise	$0	-20.4K	-100%	$0.00^*	0	Feb 28, 2023	Common Stock	20.4K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Acquired performance-based restricted stock units granted to the Reporting Person on February 28, 2020, as determined by the performance period beginning on the first day of the Company's 2020 fiscal year and ending on the last day of the Company's 2022 fiscal year, following subsequent financial approval of the payout percentage for the grant based on performance criteria. The payout percentage for the grant based on performance goals was 199%.
F2	No shares were sold - these shares were withheld by the issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units. Withholding of shares to cover taxes on the vesting was calculated pursuant to performance criteria for period ending on the last day of December 31, 2022.
F3	The reporting person disclaims Section 16 beneficial ownership over the securities reported except to the extent of his pecuniary interest therein, if any.