Parker Stewart Meeks - 30 Jun 2024 Form 4 Insider Report for Hyzon Motors Inc.

Role: CEO
Signature: /s/ John Zavoli, Attorney-in-fact
Issuer symbol: N/A
Transactions as of: 30 Jun 2024
Net transactions value: -$78,044
Form type: 4
Filing time: 02 Jul 2024, 16:57:14 UTC
Previous filing: 04 Jun 2024
Next filing: 09 Jul 2024
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	$0	+619,793	+197%	$0.000000	934,887	30 Jun 2024	Direct
transaction	HYZN	Class A Common Stock, par value $0.0001 per share	Tax liability	$78,044	-243,889	-26%	$0.3200	690,998	30 Jun 2024	Direct	F1

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	-145,834	-25%	$0.000000	437,499	30 Jun 2024	Class A Common Stock, par value $0.0001 per share	145,834	$0.000000	Direct	F2, F3
transaction	HYZN	Performance-Based Restricted Stock Units	Options Exercise	$0	-473,959	-33%	$0.000000	947,916	30 Jun 2024	Class A Common Stock, par value $0.0001 per share	473,959	$0.000000	Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	Represents the number of shares required to be withheld by the Reporting Person to cover tax withholding obligations in connection with the vesting of PSUs and RSUs.
F2	Each Performance-Based Restricted Stock Unit (PSU) or Stock Restricted Stock Unit (RSU) represents a contingent right to receive one share of Hyzon Motors, Inc. Class A Common Stock.
F3	Restricted stock units vest pursuant to a four year vesting schedule, whereby one-fourth of the total number of shares vest each year on the anniversary of the Grant Date, subject to continued employment with the Issuer.
F4	Represents settlement of a performance-based restricted stock unit ("PSU") granted on June 30, 2023 ("Grant Date"). On March 6, 2024, the Company's Compensation Committee determined that 1,421,875 PSUs eligible to be earned by the Reporting Person have been earned based on a combination of Company goals, functional goals, and individual goals of such Reporting Person. Pursuant to the PSU agreement, for the PSUs that have been earned, one-third will vest on each of the first, second and third anniversaries of the Grant Date. Vesting is subject to the Reporting Person remaining in continuous service through the vesting date.