Mark Feasel - 24 Mar 2023 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role: EVP & Ch. Commercial Officer
Signature: /s/ Michael S. Bishop, as Power of Attorney
Issuer symbol: FCEL
Transactions as of: 24 Mar 2023
Net transactions value: -$75,358
Form type: 4
Filing time: 27 Mar 2023, 16:56:21 UTC
Previous filing: 14 Dec 2022
Next filing: 07 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCEL	Common Stock	Options Exercise	$0	+83,493	+1693%	$0.000000	88,426	24 Mar 2023	Direct	F1
transaction	FCEL	Common Stock	Tax liability	$75,358	-27,010	-31%	$2.79	61,416	24 Mar 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FCEL	Employee Restricted Stock Unit	Options Exercise	$0	-83,493	-50%	$0.000000	83,493	24 Mar 2023	Common Stock	83,493	$0.000000	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units were converted into common stock on a one-for-one basis.
F2	Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
F3	On May 16, 2022, the reporting person was granted restricted stock units, which vest 50% on each of March 24, 2023 and March 25, 2024, subject to continued employment through such dates.