Edward E. Olkkola - Jun 2, 2021 Form 4 Insider Report for Hyliion Holdings Corp. (HYLN)

Role
Director
Signature
/s/ Edward E. Olkkola
Stock symbol
HYLN
Transactions as of
Jun 2, 2021
Transactions value $
$8,600
Form type
4
Date filed
6/4/2021, 06:06 PM
Previous filing
Jun 3, 2021
Next filing
Aug 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYLN Common Stock Options Exercise $8.6K +100K +13.67% $0.09* 832K Jun 2, 2021 Direct
holding HYLN Common Stock 167K Jun 2, 2021 By Spouse

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 HYLN Stock Option (Right to Buy) Options Exercise -100K -10.07% 893K Jun 2, 2021 Common Stock 100K $0.09 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option became exercisable in equal quarterly installments over 4 years beginning on August 29, 2016.
F2 The option was received in exchange for an option to purchase 750,000 shares of Hyliion Inc. ("Legacy Hyliion") common stock pursuant to the Business Combination Agreement and Plan of Reorganization, dated as of June 18, 2020, by and among Tortoise Acquisition Corp. ("Tortoise"), Legacy Hyliion and SHLL Merger Sub Inc., a wholly-owned subsidiary of Tortoise ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Hyliion, with Legacy Hyliion surviving the merger as a wholly-owned subsidiary of Tortoise (which subsequently changed its name to "Hyliion Holdings Corp.").