RAMASAMY GOVINDARAJ 4
4 · Hyliion Holdings Corp. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Hyliion (HYLN) CCO Ramasamy Govindaraj Sells Shares
What Happened
Ramasamy Govindaraj, Chief Commercial Officer of Hyliion Holdings Corp. (HYLN), disposed of a total of 6,515 shares in two transactions to cover tax withholding obligations under an issuer award agreement. The sales were: 4,800 shares on 2026-05-19 at $4.06 each ($19,488) and 1,715 shares on 2026-05-20 at $3.92 each ($6,723), for a combined value of $26,211. These were dispositions (sales) rather than purchases.
Key Details
- Transaction dates and prices:
- 2026-05-19: 4,800 shares sold at $4.06 = $19,488
- 2026-05-20: 1,715 shares sold at $3.92 = $6,723
- Total shares sold: 6,515; total proceeds: $26,211.
- Reporting/filing: Form 4 filed 2026-05-21 (covers activity on 2026-05-19/20); filing appears timely.
- Footnote: Sales were made at the issuer's direction under the terms of the award agreement to cover the reporting person's tax withholding obligations (per footnote F1).
- Shares owned after the transaction: Not specified in the provided filing details.
Context
These sales were executed to satisfy tax withholding tied to an award agreement (a common administrative transaction), not an open-market investment decision. Such withholding-driven disposals are routine and do not necessarily indicate the insider's view on the company’s prospects.
Insider Transaction Report
- Other
Common Stock
[F1]2026-05-19$4.06/sh−4,800$19,488→ 602,305 total - Other
Common Stock
[F1]2026-05-20$3.92/sh−1,715$6,723→ 600,590 total
Footnotes (1)
- [F1]These shares were sold at the direction of the issuer under the terms of the issuer's award agreement with the reporting person. Under the award agreement, the decision to sell shares to cover the reporting person's tax withholding obligations is at the sole discretion of the issuer.