Govindaraj Ramasamy - Nov 14, 2024 Form 4 Insider Report for Hyliion Holdings Corp. (HYLN)

Role
Chief Commercial Officer
Signature
/s/ Govindaraj Ramasamy
Stock symbol
HYLN
Transactions as of
Nov 14, 2024
Transactions value $
$0
Form type
4
Date filed
11/18/2024, 05:17 PM
Previous filing
Sep 11, 2024
Next filing
Dec 12, 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 +60.8K +20.39% $0.00 359K Nov 14, 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 -60.8K -37.5% $0.00 101K Nov 14, 2024 Common Stock 60.8K Direct F2
* 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 November 13, 2024, and subsequently approved by the Compensation Committee on November 14, 2024. Half of the vested PSUs will be issued on November 14, 2025 with the remainder to be issued on December 31, 2026.
F2 30% of these PSU Awards vested upon the achievment of the underlying closing stock price threshold of a minimum of $2.50 per share over a 30-trading-day average.