Jon Panzer - 14 Nov 2024 Form 4 Insider Report for Hyliion Holdings Corp. (HYLN)

Role: Chief Financial Officer
Signature: /s/ Jon Panzer
Issuer symbol: HYLN
Transactions as of: 14 Nov 2024
Net transactions value: $0
Form type: 4
Filing time: 18 Nov 2024, 17:15:52 UTC
Previous filing: 08 Nov 2024
Next filing: 29 Nov 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	+77,250	+13%	$0.000000	693,741	14 Nov 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	-77,250	-38%	$0.000000	128,750	14 Nov 2024	Common Stock	77,250		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.