Panzer Jon 4

What Happened

• Jon Panzer, Chief Financial Officer of Hyliion Holdings Corp. (HYLN), disposed of a total of 8,065 shares in two transactions the issuer executed to cover his tax withholding obligations tied to an award agreement. The sales were for 6,100 shares at $4.06 ($24,766) on 2026-05-19 and 1,965 shares at $3.92 ($7,703) on 2026-05-20, for combined proceeds of approximately $32,469. These were disposals (sales) rather than open-market purchases.

Key Details

• Transaction dates and prices:
  • 2026-05-19: 6,100 shares at $4.06 — $24,766
  • 2026-05-20: 1,965 shares at $3.92 — $7,703
• Total shares sold: 8,065; total proceeds: ~$32,469.
• Shares owned after the transactions: not specified in the provided filing details.
• Footnote: The sales were made at the issuer's direction under the terms of Panzer’s award agreement; the issuer chose to sell shares to cover his tax withholding obligations (see footnote F1).
• Filing: Report filed 2026-05-21 (covers transactions dated 2026-05-19 and 2026-05-20); filing appears timely under standard Form 4 rules.

Context

• These transactions were routine tax-withholding disposals tied to equity awards, a common practice when companies sell a portion of awarded shares to satisfy withholding rather than requiring a cash payment. Such issuer-directed withholding sales are administrative and do not necessarily reflect the insider’s view on the company’s stock.