Sexton Patrick 4
4 · Hyliion Holdings Corp. · Filed Oct 5, 2020
Insider Transaction Report
Form 4
Sexton Patrick
Chief Technology Officer
Transactions
- Award
Stock Option (Right to Buy)
2020-10-01+218,580→ 218,580 totalExercise: $0.23Exp: 2030-01-15→ Common Stock (218,580 underlying) - Award
Stock Option (Right to Buy)
2020-10-01+218,580→ 218,580 totalExercise: $0.16Exp: 2029-07-17→ Common Stock (218,580 underlying)
Footnotes (4)
- [F1]Received pursuant to the Business Combination Agreement and Plan of Reorganization, dated as of June 18, 2020, by and among Tortoise Acquisition Corp. ("Tortoise"), Hyliion Inc. ("Legacy Hyliion") and SHLL Merger Sub Inc., a wholly-owned subsidiary of Tortoise ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Hyliion, with Legacy Hyliion surviving the merger as a wholly-owned subsidiary of Tortoise (which subsequently changed its name to "Hyliion Holdings Corp.", the "Issuer").
- [F2]Options vested as to 25% on June 3, 2020 and in equal quarterly installments thereafter over the following three years. Subject to acceleration.
- [F3]Received in exchange for an option to purchase 150,000 shares of Legacy Hyliion common stock.
- [F4]Options vests as to 25% on January 16, 2021 and in equal quarterly installments thereafter over the following three years. Subject to acceleration.