Jon Panzer - Dec 11, 2024 Form 4 Insider Report for Hyliion Holdings Corp. (HYLN)

Role
Chief Financial Officer
Signature
/s/ Jon Panzer
Stock symbol
HYLN
Transactions as of
Dec 11, 2024
Transactions value $
$0
Form type
4
Date filed
12/12/2024, 07:20 PM
Previous filing
Nov 29, 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 +129K +18.62% $0.00 820K Dec 11, 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 -129K -100% $0.00 0 Dec 11, 2024 Common Stock 129K 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 December 10, 2024, and subsequently approved by the Compensation Committee on December 11, 2024. Half of the vested PSUs will be issued on December 11, 2025 with the remainder to be issued on December 31, 2026.
F2 50% of these PSU Awards vested upon the achievement of the underlying closing stock price threshold of a minimum of $3.00 per share over a 30-trading-day average.