Hyliion Holdings (HYLN) CAO left with 253K shares after tax sale
Rhea-AI Filing Summary
Hyliion Holdings Corp. (HYLN) reported that officer Greg Standley, Chief Accounting Officer, had an "other" disposition of 3,731 shares of common stock on 2026-08-19 at $3.73 per share. According to the award agreement, these shares were sold at the issuer’s direction solely to cover Standley’s tax withholding obligations, and his directly held stake after the transaction is 253,568 shares. The Rule 10b5-1 checkbox was not marked.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,731 shares
Net Sell
1 txn
Insider
Standley Greg
Role
Chief Accounting Officer.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 3,731 | $3.73 | $14K |
Holdings After Transaction:
Common Stock — 253,568 shares (Direct)
Footnotes (1)
- F1. These shares were sold at the direction of the issuer under the terms of the issuer's award agreement with the reporting person. Under the award agreement, the decision to sell shares to cover the reporting person's tax withholding obligations is at the sole discretion of the issuer.
Key Figures
Common stock disposed: 3,731 shares
Transaction price per share: $3.73 per share
Shares owned after transaction: 253,568 shares
3 metrics
Common stock disposed
3,731 shares
Other disposition on 2026-08-19 under award agreement
Transaction price per share
$3.73 per share
Price for the 3,731-share disposition on 2026-08-19
Shares owned after transaction
253,568 shares
Direct ownership by Greg Standley following the reported transaction
Key Terms
Rule 10b5-1, award agreement, tax withholding obligations
3 terms
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox was not marked."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
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
"to cover the reporting person's tax withholding obligations"
FAQ
What insider transaction did HYLN disclose for Greg Standley?
Hyliion disclosed that Chief Accounting Officer Greg Standley had an "other" disposition of 3,731 shares of common stock on 2026-08-19 at $3.73 per share, executed at the issuer’s direction under an award agreement to cover his tax withholding obligations.
Was the HYLN insider transaction for Greg Standley part of a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the 3,731-share disposition was executed under a Rule 10b5-1 trading plan.
What transaction code was used in Greg Standley’s HYLN Form 4?
The transaction is coded J, described as "Other acquisition or disposition." It reflects an issuer-directed sale of 3,731 shares to satisfy tax withholding, rather than an open-market buy or sell decision by Greg Standley.
AI-generated analysis. How Rhea-AI works. Not financial advice.