John Zavoli - Feb 17, 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
Feb 17, 2024
Transactions value $
-$4,251
Form type
4
Date filed
2/20/2024, 06:17 PM
Previous filing
Jan 10, 2024
Next filing
Apr 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 +17.7K +54.53% $0.00 50.2K Feb 17, 2024 Direct
transaction HYZN Class A Common Stock, par value $0.0001 per share Tax liability -$4.25K -6.23K -12.4% $0.68 44K Feb 17, 2024 Direct F1
holding HYZN Class A Common Stock, par value $0.0001 per share 250 Feb 17, 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 Restricted Stock Units Options Exercise $0 -17.7K -33.33% $0.00 35.4K Feb 17, 2024 Class A Common Stock, par value $0.0001 per share 17.7K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class A Common Stock were withheld by the Issuer in order to satisfy certain tax withholding obligations in connection with the issuance of vested restricted stock units.
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 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.