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

Role
Chief Commercial Officer
Signature
/s/ Govindaraj Ramasamy
Issuer symbol
HYLN
Transactions as of
13 Aug 2024
Net transactions value
$0
Form type
4
Filing time
13 Aug 2024, 17:47:42 UTC
Previous filing
17 Jun 2024
Next filing
11 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYLN Common Stock Conversion of derivative security $0 +40,500 +18% $0.000000 268,000 13 Aug 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 -40,500 -20% $0.000000 162,000 13 Aug 2024 Common Stock 40,500 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.