Hyzon Motors Inc.'s Form 4 filing
Hyzon Motors Inc. (HYZN) · filed Sep 24, 2021
- Accession no.
- 0000899243-21-037710
- Filed
- Sep 24, 2021
- Trade date
- Sep 22-23, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $52.9K. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Hyzon Motors Inc.CIK 0001716583 | Officer (See Remarks) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 22, 2021 | Class A Common Stock, par value $0.0001 per share | MOption exerciseAcquired | +17,720 | –F1 | – | 17,720 | Direct | |
| Sep 23, 2021 | Class A Common Stock, par value $0.0001 per share | SSaleDisposed | −5,437 | $9.73F2 | −$52,902.01 | 12,283 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 22, 2021 | Class A Common Stock, par value $0.0001 per share | MOption exerciseDisposed | −17,720 | $0.00 | $0 | 88,600 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Restricted stock units granted under the Hyzon Motors Inc. 2020 Stock Incentive Plan, granted on May 12, 2021 (the "Grant Date"); restricted stock units vest pursuant to a five year vesting schedule, whereby one-sixth of the total number of shares vested on the Grant Date, subject to deferral to September 22, 2021, and each year on the anniversary of the Grant Date, subject to continued employment with the Issuer.
Referenced by the price of 1 transaction in Table I.
- F2
Shares of Class A Common Stock were sold in the open market solely to satisfy tax obligations of the Reporting Person in connection with the vesting of the restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.65 to $9.735, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 2 to this Form 4.
Referenced by the price of 1 transaction in Table I.
Remarks
Chief Technology Officer. At the current time, Shinichi Hirano, the Reporting Person, does not have the necessary SEC filing code. The reporting person is currently obtaining the necessary filing code and upon receipt will file an amended Form 4.