Bappaditya Banerjee - May 2, 2024 Form 4 Insider Report for Hyzon Motors Inc. (HYZN)

Role
Chief Operating Officer
Signature
/s/ John Zavoli, Attorney-in-fact
Stock symbol
HYZN
Transactions as of
May 2, 2024
Transactions value $
-$63,047
Form type
4
Date filed
6/14/2024, 06:31 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 +378K $0.00 378K May 2, 2024 Direct
transaction HYZN Class A Common Stock, par value $0.0001 per share Tax liability -$63K -111K -29.3% $0.57 267K May 2, 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 -190K -100% $0.00* 0 May 2, 2024 Class A Common Stock, par value $0.0001 per share 190K Direct F2, F3
transaction HYZN Restricted Stock Units Options Exercise $0 -188K -25% $0.00 563K May 2, 2024 Class A Common Stock, par value $0.0001 per share 188K 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.