Bappaditya Banerjee - 02 May 2024 Form 4 Insider Report for Hyzon Motors Inc.

Role
Chief Operating Officer
Signature
/s/ John Zavoli, Attorney-in-fact
Issuer symbol
N/A
Transactions as of
02 May 2024
Net transactions value
-$63,047
Form type
4
Filing time
14 Jun 2024, 18:31:22 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 +377,500 $0.000000 377,500 02 May 2024 Direct
transaction HYZN Class A Common Stock, par value $0.0001 per share Tax liability $63,047 -110,609 -29% $0.5700 266,891 02 May 2024 Direct 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
transaction HYZN Restricted Stock Units Options Exercise $0 -190,000 -100% $0.000000* 0 02 May 2024 Class A Common Stock, par value $0.0001 per share 190,000 Direct F2, F3
transaction HYZN Restricted Stock Units Options Exercise $0 -187,500 -25% $0.000000 562,500 02 May 2024 Class A Common Stock, par value $0.0001 per share 187,500 Direct F2, F4
* 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 vest 100% on the anniversary of the Grant Date, subject to continued employment with the Issuer.
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.