Edward E. Olkkola - Sep 24, 2021 Form 4 Insider Report for Hyliion Holdings Corp. (HYLN)

Role
Director
Signature
/s/ Edward E. Olkkola
Stock symbol
HYLN
Transactions as of
Sep 24, 2021
Transactions value $
-$804,400
Form type
4
Date filed
10/5/2021, 07:00 PM
Previous filing
Aug 4, 2021
Next filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYLN Common Stock Options Exercise $8.6K +100K +12.02% $0.09* 932K Sep 24, 2021 Direct
transaction HYLN Common Stock Sale -$813K -100K -10.73% $8.13 832K Oct 1, 2021 Direct F1, F2
holding HYLN Common Stock 167K Sep 24, 2021 By Spouse

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 HYLN Stock Option (Right to Buy) Options Exercise -100K -12.61% 693K Sep 24, 2021 Common Stock $100K $0.09 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.49, inclusive. Full information regarding the number of shares sold at each separate price will be provided upon request by the SEC staff, the issuer, or any security holder of the issuer.
F3 The option became exercisable in equal quarterly installments over 4 years beginning on August 29, 2016.
F4 The option was received in exchange for an option to purchase 750,000 shares of Hyliion Inc. ("Legacy Hyliion") common stock pursuant to the Business Combination Agreement and Plan of Reorganization, dated as of June 18, 2020, by and among Tortoise Acquisition Corp. ("Tortoise"), Legacy Hyliion and SHLL Merger Sub Inc., a wholly-owned subsidiary of Tortoise ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Hyliion, with Legacy Hyliion surviving the merger as a wholly-owned subsidiary of Tortoise (which subsequently changed its name to "Hyliion Holdings Corp.").