Govindaraj Ramasamy - Aug 13, 2024 Form 4 Insider Report for Hyliion Holdings Corp. (HYLN)

Role
Chief Commercial Officer
Signature
/s/ Govindaraj Ramasamy
Stock symbol
HYLN
Transactions as of
Aug 13, 2024
Transactions value $
$0
Form type
4
Date filed
8/13/2024, 05:47 PM
Previous filing
Jun 17, 2024
Next filing
Sep 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYLN Common Stock Conversion of derivative security $0 +40.5K +17.8% $0.00 268K Aug 13, 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 HYLN Performance Stock Incentive Units Conversion of derivative security $0 -40.5K -20% $0.00 162K Aug 13, 2024 Common Stock 40.5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The underlying market conditions for vesting of this portion of performance stock incentive units ("PSU Award") were satisfied on August 12, 2024. Half of the vested PSUs will be issued on August 13, 2025 with the remainder to be issued on December 31, 2026.
F2 20% of these performance stock incentive units ("PSU Award") vested upon the achievment of the underlying closing stock price threshold of a minimum of $2.00 per share over a 30-trading-day average.
F3 Date revised from February 13, 2027 as previously filed based on finalized award details.