SPRU

SEC source: 0001213900-21-022302 · ownership.xml · derivative · entry 2

Hernandez Cielo · CIK 0001764907 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,983

Underlying: Common Stock · 67,983 shares

Expires 2031-04-19

F2 · derivative.exercise_date: The shares underlying this option shall vest in equal installments on the first, second, third and fourth anniversary of April 19, 2021 until all shares underlying this option have vested, subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001213900-21-022302 · ownership.xml · nonDerivative · entry 1

Hernandez Cielo · CIK 0001764907 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,296

F1 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting dates, 1/4th of the restricted stock units shall vest every 12 months from April 19, 2021 until all shares underlying this award have vested.

SEC source: 0001213900-21-022295 · ownership.xml · nonDerivative · entry 1

Berklas James P JR · CIK 0001648298 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,203

F1 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting dates, 1/4th of the restricted stock units shall vest every 12 months following April 16, 2021 until all shares underlying this award have vested.

SEC source: 0001094891-21-000137 · edgar.xml · derivative · entry 3

LEDECKY JONATHAN J · CIK 0001008382 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,567

Underlying: Common Stock · 3,567 shares

Expires 2031-02-26

F3 · derivative.exercise_date: The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0001094891-21-000137 · edgar.xml · nonDerivative · entry 1

LEDECKY JONATHAN J · CIK 0001008382 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,205

F1 · security: The securities awarded are in the form of restricted stock units issued pursuant to the Issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Subject to the reporting person's continued service through the applicable vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.

SEC source: 0000899243-21-009100 · doc4.xml · derivative · entry 2

Frodl Debora M. · CIK 0001736599 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,043

Underlying: Common Stock · 4,043 shares

Expires 2031-02-26

F2 · derivative.exercise_date: The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the vesting date.

SEC source: 0000899243-21-009100 · doc4.xml · nonDerivative · entry 1

Frodl Debora M. · CIK 0001736599 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,499

F1 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.

SEC source: 0000899243-21-009106 · doc4.xml · derivative · entry 4

Griffin Kevin · CIK 0001766124 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,567

Underlying: Common Stock · 3,567 shares

Expires 2031-02-26

F4 · derivative.exercise_date: The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the vesting date.

SEC source: 0000899243-21-009106 · doc4.xml · nonDerivative · entry 1

Griffin Kevin · CIK 0001766124 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,205

F1 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.

SEC source: 0000899243-21-009103 · doc4.xml · derivative · entry 4

Flanagan Declan · CIK 0001836780 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,843

Underlying: Common Stock · 12,843 shares

Expires 2031-02-26

F4 · derivative.exercise_date: The shares underlying this option shall vest in equal installments on the first, second and third anniversary of December 21, 2020 until all shares underlying this option have vested, subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0000899243-21-009103 · doc4.xml · derivative · entry 3

Flanagan Declan · CIK 0001836780 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,567

Underlying: Common Stock · 3,567 shares

Expires 2031-02-26

F3 · derivative.exercise_date: The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the vesting date.

SEC source: 0000899243-21-009103 · doc4.xml · nonDerivative · entry 2

Flanagan Declan · CIK 0001836780 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,145

F2 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the applicable vesting date, 1/3rd of the restricted stock units shall vest every 12 months from December 21, 2020 until all shares underlying this award have vested.

SEC source: 0000899243-21-009103 · doc4.xml · nonDerivative · entry 1

Flanagan Declan · CIK 0001836780 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,205

F1 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.

SEC source: 0000899243-21-009099 · doc4.xml · derivative · entry 2

Sclarsic Sarah · CIK 0001780566 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,567

Underlying: Common Stock · 3,567 shares

Expires 2031-02-26

F2 · derivative.exercise_date: The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the vesting date.

SEC source: 0000899243-21-009099 · doc4.xml · nonDerivative · entry 1

Sclarsic Sarah · CIK 0001780566 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,205

F1 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.

SEC source: 0000899243-21-009098 · doc4.xml · derivative · entry 2

Hayes Christopher M. · CIK 0001836797 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,567

Underlying: Common Stock · 3,567 shares

Expires 2031-02-26

F2 · derivative.exercise_date: The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the vesting date.

SEC source: 0000899243-21-009098 · doc4.xml · nonDerivative · entry 1

Hayes Christopher M. · CIK 0001836797 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,205

F1 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.

SEC source: 0000899243-21-009094 · doc4.xml · derivative · entry 4

Ramdev Niharika · CIK 0001835143 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,843

Underlying: Common Stock · 12,843 shares

Expires 2031-02-26

F4 · derivative.exercise_date: The shares underlying this option shall vest in equal installments on the first, second and third anniversary of December 21, 2020 until all shares underlying this option have vested, subject to the reporting person's continued service through the applicable vesting date.

SEC source: 0000899243-21-009094 · doc4.xml · derivative · entry 3

Ramdev Niharika · CIK 0001835143 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,567

Underlying: Common Stock · 3,567 shares

Expires 2031-02-26

F3 · derivative.exercise_date: The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the vesting date.

SEC source: 0000899243-21-009094 · doc4.xml · nonDerivative · entry 2

Ramdev Niharika · CIK 0001835143 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,145

F2 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the applicable vesting date, 1/3rd of the restricted stock units shall vest every 12 months from December 21, 2020 until all shares underlying this award have vested.

SEC source: 0000899243-21-009094 · doc4.xml · nonDerivative · entry 1

Ramdev Niharika · CIK 0001835143 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,205

F1 · shares: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.

SEC source: 0000899243-21-001895 · doc4.xml · derivative · entry 1

Berklas James P JR · CIK 0001648298 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,000

Underlying: Common Stock · 24,000 shares

Expires 2031-01-13

F1 · derivative.exercise_date: 25% of the shares underlying this option vest on January 11, 2022. The remaining 75% vest in equal quarterly installments over the subsequent three years.

SEC source: 0000899243-20-035037 · doc4.xml · derivative · entry 3

LEDECKY JONATHAN J · CIK 0001008382 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Pivotal Investment Holdings II LLC

Disclosed balance after: 4,233,333

Underlying: Common Stock · 4,233,333 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · security: In connection with the Business Combination and pursuant to the Merger Agreement, each warrant to purchase Pivotal Class A Common Stock was automatically converted to a warrant to purchase Common Stock.

F4 · kind: In connection with the Business Combination and pursuant to the Merger Agreement, each warrant to purchase Pivotal Class A Common Stock was automatically converted to a warrant to purchase Common Stock.

F4 · price: In connection with the Business Combination and pursuant to the Merger Agreement, each warrant to purchase Pivotal Class A Common Stock was automatically converted to a warrant to purchase Common Stock.

F5 · derivative.exercise_date: The warrants will become exercisable 30 days after the completion of the Business Combination.

F6 · derivative.expiration_date: The warrants will expire at 5:00 pm New York City time on the fifth anniversary of the completion of the Business Combination, or earlier upon redemption or liquidation.

F7 · ownership.nature: Includes 4,233,333 shares of Common Stock issuable upon the exercise of warrants owned directly by the Sponsor, of which Ironbound, an affiliate of Mr. Ledecky (a director of the Issuer), is a managing member. Notwithstanding their dispositive and voting control over such warrants, each of Mr. Ledecky and Ironbound disclaim beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-20-035037 · doc4.xml · derivative · entry 2

LEDECKY JONATHAN J · CIK 0001008382 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Pivotal Investment Holdings II LLC

Disclosed balance after: 0

Underlying: Class A Common Stock · 5,500,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F3 · derivative.exercise_price: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F3 · kind: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F3 · price: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F3 · derivative.exercise_date: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F3 · derivative.expiration_date: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F2 · ownership.nature: Includes 5,500,000 shares ("Sponsor Shares") owned directly by Pivotal Investment Holdings II LLC, a Delaware limited liability company and the sponsor of the Issuer (the "Sponsor"), of which Ironbound Partners Fund, LLC ("Ironbound"), an affiliate of Mr. Ledecky (a director of the Issuer), is a managing member. Notwithstanding their dispositive and voting control over such Sponsor Shares, each of Mr. Ledecky and Ironbound disclaim beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-20-035037 · doc4.xml · nonDerivative · entry 1

LEDECKY JONATHAN J · CIK 0001008382 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Pivotal Investment Holdings II LLC

Disclosed balance after: 5,500,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F1 · kind: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F1 · price: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F2 · ownership.nature: Includes 5,500,000 shares ("Sponsor Shares") owned directly by Pivotal Investment Holdings II LLC, a Delaware limited liability company and the sponsor of the Issuer (the "Sponsor"), of which Ironbound Partners Fund, LLC ("Ironbound"), an affiliate of Mr. Ledecky (a director of the Issuer), is a managing member. Notwithstanding their dispositive and voting control over such Sponsor Shares, each of Mr. Ledecky and Ironbound disclaim beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-20-035032 · doc4.xml · derivative · entry 3

Frodl Debora M. · CIK 0001736599 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,719

Underlying: Common Stock · 75,719 shares

Expires 2029-06-13

F5 · price: Received in the Merger in exchange for a stock option to acquire 100,000 shares of Legacy XL common stock for $0.18 per share.

F3 · derivative.exercise_date: 25% of the shares underlying this option vest 12 months from June 13, 2019 and the remaining vest in 36 equal monthly installments thereafter, subject to the Ms. Frodl's continued service through the applicable vesting dates.

SEC source: 0000899243-20-035032 · doc4.xml · derivative · entry 2

Frodl Debora M. · CIK 0001736599 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,719

Underlying: Common Stock · 75,719 shares

Expires 2029-05-15

F5 · price: Received in the Merger in exchange for a stock option to acquire 100,000 shares of Legacy XL common stock for $0.18 per share.

F2 · derivative.exercise_date: The shares underlying this option vest in 48 equal monthly installments starting on March 19, 2019.

SEC source: 0000899243-20-035032 · doc4.xml · derivative · entry 1

Frodl Debora M. · CIK 0001736599 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 381,874

Underlying: Common Stock · 381,874 shares

Expires 2028-05-07

F4 · price: Received pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020, by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc., a Delaware corporation ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL (the "Merger"), with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), in exchange for a stock option to acquire 504,331 shares of Legacy XL common stock for $0.18 per share.

F1 · derivative.exercise_date: The shares underlying this option vest in 48 equal monthly installments starting on May 7, 2018.

SEC source: 0000899243-20-035038 · doc4.xml · derivative · entry 4

Griffin Kevin · CIK 0001766124 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Pivotal Investment Holdings II LLC

Disclosed balance after: 4,233,333

Underlying: Common Stock · 4,233,333 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · security: In connection with the Business Combination and pursuant to the Merger Agreement, each warrant to purchase Pivotal Class A Common Stock was automatically converted to a warrant to purchase Common Stock.

F6 · kind: In connection with the Business Combination and pursuant to the Merger Agreement, each warrant to purchase Pivotal Class A Common Stock was automatically converted to a warrant to purchase Common Stock.

F6 · price: In connection with the Business Combination and pursuant to the Merger Agreement, each warrant to purchase Pivotal Class A Common Stock was automatically converted to a warrant to purchase Common Stock.

F7 · derivative.exercise_date: The warrants will become exercisable 30 days after the completion of the Business Combination.

F8 · derivative.expiration_date: The warrants will expire at 5:00 pm New York City time on the fifth anniversary of the completion of the Business Combination, or earlier upon redemption or liquidation.

F9 · ownership.nature: Includes 4,233,333 shares of Common Stock issuable upon the exercise of warrants owned directly by the Sponsor, of which Spac Funding II, an affiliate of Mr. Griffin (a director of the Issuer), is a managing member. Notwithstanding their dispositive and voting control over such warrants, each of Mr. Griffin and Spac Funding II disclaim beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-20-035038 · doc4.xml · derivative · entry 3

Griffin Kevin · CIK 0001766124 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Pivotal Investment Holdings II LLC

Disclosed balance after: 0

Underlying: Class A Common Stock · 5,500,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · security: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F5 · derivative.exercise_price: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F5 · kind: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F5 · price: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F5 · derivative.exercise_date: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F5 · derivative.expiration_date: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F2 · ownership.nature: Includes 5,500,000 shares ("Sponsor Shares") owned directly by Pivotal Investment Holdings II LLC, a Delaware limited liability company and the sponsor of the Issuer (the "Sponsor"), of which Pivotal Spac Funding II LLC ("Spac Funding II"), of which Mr. Griffin (a director of the Issuer) is the Chief Executive Officer and Chief Investment Officer, is a managing member. Notwithstanding their dispositive and voting control over such Sponsor Shares, each of Mr. Griffin and Spac Funding II disclaim beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-20-035038 · doc4.xml · nonDerivative · entry 2

Griffin Kevin · CIK 0001766124 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By MGG Investment Group, LP

Disclosed balance after: 630,000

F1 · security: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F3 · kind: In connection with the consummation of the Business Combination, certain affiliates of MGG Investment Group, LP, a Delaware limited partnership ("MGG"), acquired, at $10.00 per share, an aggregate of 630,000 shares of Common Stock in a private placement pursuant to subscription agreements, dated as of September 17, 2020, by and among Pivotal and certain investors party thereto, as amended or supplemented.

F3 · price: In connection with the consummation of the Business Combination, certain affiliates of MGG Investment Group, LP, a Delaware limited partnership ("MGG"), acquired, at $10.00 per share, an aggregate of 630,000 shares of Common Stock in a private placement pursuant to subscription agreements, dated as of September 17, 2020, by and among Pivotal and certain investors party thereto, as amended or supplemented.

F4 · ownership.nature: Includes 630,000 shares of Common Stock ("MGG Shares") in the aggregate owned directly by certain affiliates of MGG, an affiliate of Spac Funding II, of which Mr. Griffin (a director of the Issuer) is the Chief Executive Officer and Chief Investment Officer. Notwithstanding their dispositive and voting control over such MGG Shares, each of Mr. Griffin and Spac Funding II disclaim beneficial ownership of the securities held by MGG, except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-20-035038 · doc4.xml · nonDerivative · entry 1

Griffin Kevin · CIK 0001766124 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Pivotal Investment Holdings II LLC

Disclosed balance after: 5,500,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F1 · kind: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F1 · price: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F2 · ownership.nature: Includes 5,500,000 shares ("Sponsor Shares") owned directly by Pivotal Investment Holdings II LLC, a Delaware limited liability company and the sponsor of the Issuer (the "Sponsor"), of which Pivotal Spac Funding II LLC ("Spac Funding II"), of which Mr. Griffin (a director of the Issuer) is the Chief Executive Officer and Chief Investment Officer, is a managing member. Notwithstanding their dispositive and voting control over such Sponsor Shares, each of Mr. Griffin and Spac Funding II disclaim beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-20-035035 · doc4.xml · derivative · entry 2

Hayes Christopher M. · CIK 0001836797 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 286,405

Underlying: Common Stock · 286,405 shares

Expires 2030-02-06

F2 · price: Received in the Merger in exchange for a stock option to acquire 378,248 shares of Legacy XL common stock for $0.20 per share.

SEC source: 0000899243-20-035035 · doc4.xml · derivative · entry 1

Hayes Christopher M. · CIK 0001836797 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 95,468

Underlying: Common Stock · 95,468 shares

Expires 2018-05-24

F1 · price: Received pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020, by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc., a Delaware corporation ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL (the "Merger"), with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), in exchange for a stock option to acquire 126,083 shares of Legacy XL common stock for $0.18 per share.

SEC source: 0000899243-20-035040 · doc4.xml · derivative · entry 2

Sclarsic Sarah · CIK 0001780566 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 50,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · security: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F2 · derivative.exercise_price: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F2 · kind: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F2 · price: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F2 · derivative.exercise_date: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

F2 · derivative.expiration_date: The shares of Pivotal Class B common stock automatically converted into shares of Pivotal Class A Common Stock at the time of the Business Combination on a one-for-one basis. Upon the closing of the Business Combination, pursuant to the Merger Agreement, such shares were converted into shares of Common Stock on a one-for-one basis.

SEC source: 0000899243-20-035040 · doc4.xml · nonDerivative · entry 1

Sclarsic Sarah · CIK 0001780566 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F1 · kind: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

F1 · price: In connection with the consummation of the business combination (the "Business Combination") and pursuant to the Agreement and Plan of Reorganization, dated as of September 17, 2020 (the "Merger Agreement"), by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and XL Hybrids, Inc. ("Legacy XL"), pursuant to which Merger Sub merged with and into Legacy XL, with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer"), each share of Pivotal Class A common stock ("Pivotal Class A Common Stock") was automatically converted on a one-for-one basis, into the Issuer's common stock (the "Common Stock").

SEC source: 0000899243-20-035030 · doc4.xml · derivative · entry 3

Hynes Thomas J. III · CIK 0001835030 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 595,111

Underlying: Common Stock · 595,111 shares

Expires 2023-11-21

F4 · price: Received in the Merger in exchange for a stock option to acquire 785,948 shares of Legacy XL common stock for $0.16 per share.

SEC source: 0000899243-20-035030 · doc4.xml · derivative · entry 2

Hynes Thomas J. III · CIK 0001835030 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 595,111

Underlying: Common Stock · 595,111 shares

Expires 2028-05-24

F3 · price: Received in the Merger in exchange for a stock option to acquire 785,948 shares of Legacy XL common stock for $0.18 per share.

F2 · derivative.exercise_date: 25% of the shares underlying this option vest 12 months from July 1, 2017 and of the 75% remaining, an additional 6.25% shall vest every three months thereafter, subject to Mr. Hynes' continued service through the applicable vesting date.

SEC source: 0000899243-20-035030 · doc4.xml · nonDerivative · entry 1

Hynes Thomas J. III · CIK 0001835030 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,181,461

F1 · price: Mr. Hynes received 6,181,461 shares of XL Hybrids, Inc., a Delaware corporation ("Legacy XL"), in connection with the Agreement and Plan of Reorganization, dated as of September 17, 2020, by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and Legacy XL, pursuant to which Merger Sub merged with and into Legacy XL (the "Merger"), with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer").

SEC source: 0000899243-20-035029 · doc4.xml · derivative · entry 2

Kazarinoff Dimitri · CIK 0001834765 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,808,966

Underlying: Common Stock · 3,808,966 shares

Expires 2029-12-05

F3 · price: Received in the Merger in exchange for a stock option to acquire 5,030,400 shares of Legacy XL common stock for $0.18 per share.

F2 · derivative.exercise_date: The shares underlying this option vest in 48 equal monthly starting on October 7, 2019 subject to Mr. Kazarinoff's continued service through the applicable vesting dates.

SEC source: 0000899243-20-035029 · doc4.xml · nonDerivative · entry 1

Kazarinoff Dimitri · CIK 0001834765 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,346

F1 · price: Mr. Kazarinoff received 15,346 shares in exchange for his 20,267 shares of XL Hybrids, Inc., a Delaware corporation ("Legacy XL"), in connection with the Agreement and Plan of Reorganization, dated as of September 17, 2020, by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and Legacy XL, pursuant to which Merger Sub merged with and into Legacy XL (the "Merger"), with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer").