Hyliion (HYLN) CCO has 12,758 shares sold to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hyliion Holdings Corp. Chief Commercial Officer Ramasamy Govindaraj reported an issuer-directed sale of 12,758 shares of common stock at $2.04 per share. The shares were sold by the issuer to cover his tax withholding obligations under an award agreement. Following this transaction, he directly holds 607,235 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RAMASAMY GOVINDARAJ
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 12,758 | $2.04 | $26K |
Holdings After Transaction:
Common Stock — 607,235 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hyliion (HYLN) report for Ramasamy Govindaraj?
Hyliion reported that Chief Commercial Officer Ramasamy Govindaraj had 12,758 common shares sold at $2.04 each. The sale was issuer-directed under an award agreement to cover his tax withholding obligations, rather than an open-market discretionary sale.
Was the Hyliion (HYLN) insider transaction an open-market sale?
The transaction was not an open-market discretionary sale. The filing explains that the issuer sold 12,758 shares at its direction under an award agreement, solely to cover Ramasamy Govindaraj’s tax withholding obligations related to his equity compensation.
What does transaction code J mean in the Hyliion (HYLN) Form 4?
Transaction code J on this Hyliion Form 4 indicates another type of acquisition or disposition. Here, a footnote clarifies it represents an issuer-directed sale of 12,758 shares to satisfy tax withholding, rather than a standard market purchase or sale by the insider.
What role does Ramasamy Govindaraj hold at Hyliion (HYLN)?
Ramasamy Govindaraj serves as Chief Commercial Officer of Hyliion. The Form 4 identifies him as an officer and reports a disposal of 12,758 common shares, executed by the issuer under an award agreement to meet his tax withholding obligations.