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

Role: Chief Commercial Officer
Signature: /s/ Govindaraj Ramasamy
Stock symbol: HYLN
Transactions as of: Dec 11, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/12/2024, 07:22 PM
Previous filing: Nov 18, 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	+101K	+28.22%	$0.00	460K	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	-101K	-100%	$0.00	0	Dec 11, 2024	Common Stock	101K		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.