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.