RAMASAMY GOVINDARAJ 4
Research Summary
AI-generated summary
Hyliion (HYLN) CCO Ramasamy Govindaraj Sells 130 Shares
What Happened
Ramasamy Govindaraj, Chief Commercial Officer of Hyliion Holdings Corp. (HYLN), had 130 shares disposed on 2026-03-10 at $2.02 per share, for a total proceeds of about $263. The reported disposition is coded as an "Other acquisition or disposition (J)" and reflects shares sold to satisfy tax withholding obligations.
Key Details
- Transaction date: 2026-03-10
- Price per share: $2.02; Shares sold: 130; Total value: ~$263
- Shares owned after transaction: Not reported in the filing
- Footnote: Sale was made at the issuer's direction under the terms of the issuer's award agreement to cover the reporting person's tax withholding obligations (issuer has sole discretion to sell)
- Filing timeliness: Reported on the same date (2026-03-10); no late filing indicated
Context
This was a disposition to cover tax withholding related to an award agreement—not an open-market, discretionary sale by the insider. Such issuer-directed withholdings are routine administrative actions and do not necessarily reflect the insider's view on the company's prospects.