Hyliion (HYLN) CAO has shares sold to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hyliion Holdings Corp. Chief Accounting Officer Greg Standley reported an administrative share transaction. On May 19, 2026, 3,981 shares of common stock were sold at $4.05 per share under the issuer’s award agreement to cover his tax withholding obligations at the issuer’s sole discretion. Following this, he directly holds 257,299 common shares, indicating a routine, tax-related adjustment rather than a discretionary market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Standley Greg
Role
Chief Accounting Officer.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 3,981 | $4.05 | $16K |
Holdings After Transaction:
Common Stock — 257,299 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares sold for tax withholding: 3,981 shares
Sale price per share: $4.05/share
Shares held after transaction: 257,299 shares
3 metrics
Shares sold for tax withholding
3,981 shares
Common Stock transaction on May 19, 2026
Sale price per share
$4.05/share
Price for 3,981 Hyliion common shares
Shares held after transaction
257,299 shares
Direct holdings of Greg Standley following Form 4
Key Terms
Form 4, award agreement, tax withholding obligations, Common Stock
4 terms
Form 4 regulatory
"Hyliion’s Chief Accounting Officer reported this administrative share transaction on Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
award agreement financial
"These shares were sold at the direction of the issuer under the terms of the issuer's award agreement with the reporting person."
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
tax withholding obligations financial
"the decision to sell shares to cover the reporting person's tax withholding obligations is at the sole discretion of the issuer."
Common Stock financial
"These shares were sold at the direction of the issuer under the terms of the issuer's award agreement"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Hyliion (HYLN) disclose for Greg Standley?
Hyliion disclosed that Chief Accounting Officer Greg Standley had 3,981 common shares sold on his behalf at $4.05 per share. The sale was directed by the issuer under an award agreement specifically to cover his tax withholding obligations.
Was the Hyliion (HYLN) insider transaction a discretionary sale by Greg Standley?
The transaction was not a discretionary market sale by Greg Standley. Shares were sold at the issuer’s direction under an award agreement, with the purpose of covering his tax withholding obligations rather than reflecting an independent trading decision.
How is the Form 4 transaction for Hyliion (HYLN) classified?
The Form 4 classifies the event under code J as an “other acquisition or disposition.” Footnotes explain it represents shares sold at the issuer’s direction to satisfy Greg Standley’s tax withholding obligations under an existing award agreement.