Hyliion (NYSE: HYLN) CCO has 6,515 shares sold to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hyliion Holdings Corp.'s Chief Commercial Officer, Ramasamy Govindaraj, had a total of 6,515 shares of common stock sold on his behalf over two days to cover tax withholding obligations tied to equity awards. The shares were sold at the issuer’s direction under an award agreement, not as discretionary market trades. Following these transactions, he directly holds 600,590 shares of Hyliion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
RAMASAMY GOVINDARAJ
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 1,715 | $3.92 | $7K |
| Other | Common Stock | 4,800 | $4.06 | $19K |
Holdings After Transaction:
Common Stock — 600,590 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares sold for tax withholding: 6,515 shares
First-day tax-related sale: 4,800 shares at $4.06
Second-day tax-related sale: 1,715 shares at $3.92
+1 more
4 metrics
Shares sold for tax withholding
6,515 shares
Common stock sold over May 19–20, 2026
First-day tax-related sale
4,800 shares at $4.06
Common stock on May 19, 2026
Second-day tax-related sale
1,715 shares at $3.92
Common stock on May 20, 2026
Post-transaction holdings
600,590 shares
Common stock held directly after May 20, 2026
Key Terms
award agreement, tax withholding obligations, reporting person, Common Stock
4 terms
award agreement financial
"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
"sell shares to cover the reporting person's tax withholding obligations"
reporting person regulatory
"the issuer's award agreement with the reporting person"
Common Stock financial
"security_title": "Common Stock""
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) report for its Chief Commercial Officer?
Hyliion reported that Chief Commercial Officer Ramasamy Govindaraj had 6,515 common shares sold on his behalf to cover tax withholding obligations under an equity award agreement, rather than through discretionary open-market trades.