John R. Zavoli - 30 Jun 2024 Form 4 Insider Report for Hyzon Motors Inc.

Role
GC & Chief Legal Officer
Signature
/s/ John Zavoli
Issuer symbol
N/A
Transactions as of
30 Jun 2024
Net transactions value
-$16,216
Form type
4
Filing time
02 Jul 2024, 17:35:19 UTC
Previous filing
09 Apr 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 +113,014 +257% $0.000000 157,001 30 Jun 2024 Direct
transaction HYZN Class A Common Stock, par value $0.0001 per share Tax liability $16,216 -50,676 -32% $0.3200 106,325 30 Jun 2024 Direct F1
holding HYZN Class A Common Stock, par value $0.0001 per share 250 30 Jun 2024 By Wife

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 Performance-Based Restricted Stock Units Options Exercise $0 -61,014 -33% $0.000000 122,026 30 Jun 2024 Class A Common Stock, par value $0.0001 per share 61,014 $0.000000 Direct F2, F3
transaction HYZN Restricted Stock Units Options Exercise $0 -52,000 -25% $0.000000 156,000 30 Jun 2024 Class A Common Stock, par value $0.0001 per share 52,000 $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 Restricted Stock Unit (RSU) represents a contingent right to receive one share of Hyzon Motors, Inc. Class A Common Stock.
F3 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 183,040 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.
F4 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.