RAMASAMY GOVINDARAJ 4

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.