John Zavoli - Jun 30, 2024 Form 4 Insider Report for Hyzon Motors Inc. (HYZN)

Role: GC & Chief Legal Officer
Signature: /s/ John Zavoli
Stock symbol: HYZN
Transactions as of: Jun 30, 2024
Transactions value $: -$16,216
Form type: 4
Date filed: 7/2/2024, 05:35 PM
Previous filing: Apr 9, 2024
Next filing: Jul 9, 2024

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	+113K	+256.93%	$0.00	157K	Jun 30, 2024	Direct
transaction	HYZN	Class A Common Stock, par value $0.0001 per share	Tax liability	-$16.2K	-50.7K	-32.28%	$0.32	106K	Jun 30, 2024	Direct	F1
holding	HYZN	Class A Common Stock, par value $0.0001 per share						250	Jun 30, 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	-61K	-33.33%	$0.00	122K	Jun 30, 2024	Class A Common Stock, par value $0.0001 per share	61K	$0.00	Direct	F2, F3
transaction	HYZN	Restricted Stock Units	Options Exercise	$0	-52K	-25%	$0.00	156K	Jun 30, 2024	Class A Common Stock, par value $0.0001 per share	52K	$0.00	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.