[Form 4] Hyster-Yale, Inc. Insider Trading Activity

Rhea-AI Filing Summary

John P. Jumper, a director of Hyster-Yale, Inc. (HY), reported a transaction dated 09/09/2025 exchanging 326 Class B shares for 326 Class A shares under transaction code J(1). After the exchange he beneficially owns 25,874 shares of Class A common stock and no derivative securities. The Form 4 was signed by an attorney-in-fact on 09/11/2025 and states the exchange converted the reporting person’s Class B shares into Class A shares; no cash consideration was reported.

Insights

Corporate Governance Expert

TL;DR Director converted Class B shares to Class A, altering share class mix but not increasing aggregate ownership.

The filing documents a routine reclassification by a director converting 326 Class B shares into 326 Class A shares. The report shows the director continues to hold 25,874 Class A shares following the transaction and holds no reported derivatives. This is a disclosure of beneficial ownership change rather than a market sale or purchase; it clarifies voting/ownership class alignment. For shareholders, the filing provides transparency about insider share-class movements but contains no indication of change in total economic exposure.

Securities Analyst

TL;DR Transaction is an exchanged reclassification of shares, not a buy or sell, so market-impact is likely neutral.

The Form 4 reports a conversion transaction coded J(1) resulting in 326 Class A shares issued to the reporting person in exchange for Class B shares. The report lists 0 price and does not show any derivative positions post-transaction. Because no purchase or sale price was recorded and the aggregate beneficial holding is disclosed, this filing primarily affects capitalization class disclosure rather than immediate liquidity or cash flow.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jumper John P

(Last) (First) (Middle)

5875 LANDERBROOK DRIVE

(Street)

MAYFIELD HEIGHTS OH 44124

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HYSTER-YALE, INC. [ HY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/09/2025		J(1)		326	A	$0	25,874	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(2)	09/09/2025		J(1)			326	(2)	(2)	Class A Common Stock	326	$0	0	D

Explanation of Responses:

1. Reporting Person exchanged Class B shares he owned for Class A shares.

2. N/A

	/s/ Suzanne S. Taylor, attorney-in-fact	09/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did John P. Jumper report on the Form 4 for HY?

He reported exchanging 326 Class B shares for 326 Class A shares on 09/09/2025 and beneficially owns 25,874 Class A shares after the transaction.

Was there any cash price reported for the transaction on the Form 4?

No cash consideration was reported; the Form 4 shows a $0 price associated with the exchange.

Did the reporting person acquire or dispose of any derivative securities?

No. Table II shows 0 derivative securities beneficially owned following the reported transaction.

What is the transaction code and what does the filing state the transaction was?

The transaction is coded J(1). The explanation states the reporting person exchanged Class B shares he owned for Class A shares.

When was the Form 4 signed and who signed it?

The signature block shows the form was signed by Suzanne S. Taylor, attorney-in-fact on 09/11/2025.