Hyliion (HYLN) insider Thomas Healy covers tax with 159,776-share sale
Rhea-AI Filing Summary
Hyliion Holdings Corp. (HYLN) reported that its Chief Executive Officer, director and 10% owner Thomas J. Healy sold 159,776 shares of common stock on November 17, 2025 at a price of $1.66 per share. After this transaction, he beneficially owned 35,237,111 shares, held directly. According to the disclosure, the sale was made at the direction of the company under an award agreement that allows the issuer to sell shares to cover the reporting person’s tax withholding obligations.
The explanation notes that the sale includes shares sold to cover tax withholding tied to vesting dates on August 25, November 13, and November 14, 2025. Due to an administrative error by a third-party service provider, cash was initially used to satisfy the August 25, 2025 tax obligation, and the related share sale could not occur until the next open trading window, which began on November 17, 2025.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 159,776 | $1.66 | $265K |
Footnotes (1)
- 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. This transaction includes the sale of issuer common shares to cover the reporting person's tax withholding obligation for vesting dates on August 25, November 13, and November 14, 2025. As a result of an administrative error by the issuer's third-party service provider, cash was paid on behalf of the reporting person for tax withholding obligations on the vesting date, August 25, 2025. A corresponding sale of issuer common shares to cover the reporting person's tax withholding obligation on August 25, 2025 could not be completed until the opening of the issuer's next window period. Accordingly, the portion of the above shares attributed to the vesting on August 25, 2025 were sold November 17, 2025, the first available date during an open window period on which the shares could be sold on behalf of the reporting person.
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