John Zavoli - Sep 11, 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: Sep 11, 2024
Transactions value $: $0
Form type: 4
Date filed: 9/19/2024, 12:49 PM
Previous filing: Jul 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HYZN	Class A Common Stock, par value $0.0001 per share						3.41K	Sep 11, 2024	Direct	F1
holding	HYZN	Class A Common Stock, par value $0.0001 per share						5	Sep 11, 2024	By Wife	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
holding	HYZN	Restricted Stock Units						638	Sep 11, 2024	Class A Common Stock, par value $0.0001 per share	638	$0.00	Direct	F1, F2, F3
holding	HYZN	Restricted Stock Units						4K	Sep 11, 2024	Class A Common Stock, par value $0.0001 per share	4K	$0.00	Direct	F1, F2, F4
holding	HYZN	Restricted Stock Units						709	Sep 11, 2024	Class A Common Stock, par value $0.0001 per share	709	$0.00	Direct	F1, F2, F5
holding	HYZN	Restricted Stock Units						6.34K	Sep 11, 2024	Class A Common Stock, par value $0.0001 per share	6.34K	$0.00	Direct	F1, F2, F6
holding	HYZN	Restricted Stock Units						3.12K	Sep 11, 2024	Class A Common Stock, par value $0.0001 per share	3.12K	$0.00	Direct	F1, F2, F7
holding	HYZN	Performance-Based Restricted Stock Units						2.44K	Sep 11, 2024	Class A Common Stock, par value $0.0001 per share	2.44K	$0.00	Direct	F1, F8, F9

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

Explanation of Responses:

Id	Content
F1	The number of shares beneficially owned reflects the 1-for-50 reverse stock split effected September 11, 2024.
F2	Each 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 100% on the anniversary of the Grant Date, subject to continued employment with the Issuer.
F4	Restricted stock units will fully vest on the second anniversary of the Grant Date, subject to continued employment with the Issuer.
F5	Restricted stock units granted under the Hyzon Motors Inc. 2020 Stock Incentive Plan, granted on February 18, 2021 (the "Grant Date"); restricted stock units vest pursuant to a five year vesting schedule, whereby one-sixth of the total number of shares vested on the Grant Date, subject to deferral to September 22, 2021, and each year on the anniversary of the Grant Date, subject to continued employment with the Issuer. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6	Restricted stock units vest 50% on the first and second anniversary of the Grant Date, subject to continued employment with the Issuer.
F7	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.
F8	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.
F9	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. This footnote relates to pre-reverse split conditions.