Availability of a Hook for initiation of Password Reset

I’m following the steps in the Customize Email Handling documentation to bypass Auth0 transactional emails, and specify rules to call into external APIs to handle the actual email sends.

I have a similar question to this post - Rules For Password Reset - When a user initiates the “Reset your password” by entering their email address, is there a way to intercept that event and handle the sending of the reset password email via API dispatch?

Is this now possible via Hooks (as suggested by @prashantT ) or if there is another mechanism in the lifecycle that would allow for custom code execution. Thank you!