Orekar Andrew J. 4
4 · Hyliion Holdings Corp. · Filed Oct 5, 2020
Insider Transaction Report
Form 4
Orekar Andrew J.
Director
Transactions
- Conversion
Common Stock
2020-10-01+40,000→ 40,000 total - Conversion
Class B Common Stock
2020-10-01−40,000→ 0 total→ Class A Common Stock (40,000 underlying)
Footnotes (2)
- [F1]In connection with the closing of the business combination between Tortoise Acquisition Corp. ("TortoiseCorp"), SHLL Merger Sub Inc. and Hyliion Inc. on October 1, 2020, the Reporting Person's shares of Class B Common Stock automatically converted into shares of TortoiseCorp's Class A Common Stock on a one-for-one basis. Upon consummation of the business combination, TortoiseCorp changed its name to "Hyliion Holdings Corp." and all outstanding shares of Class A Common Stock were automatically reclassified, redesignated and changed into one share of Hyliion Holdings Corp. Common Stock.
- [F2]The shares of Class B Common Stock are automatically convertible into shares of Class A Common Stock at the time of TortoiseCorp's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.