Michael Lisowski - 05 Dec 2023 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role: EVP & Chief Operating Officer
Signature: /s/ Michael S. Bishop, as Power of Attorney
Issuer symbol: FCEL
Transactions as of: 05 Dec 2023
Net transactions value: -$18,825
Form type: 4
Filing time: 07 Dec 2023, 16:47:51 UTC
Previous filing: 28 Nov 2023
Next filing: 13 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	+31,736	+25%	$0.000000	160,496	05 Dec 2023	Direct	F1
transaction	FCEL	Common Stock	Tax liability	$18,825	-14,707	-9.2%	$1.28	145,789	05 Dec 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	-31,736	-33%	$0.000000	63,473	05 Dec 2023	Common Stock	31,736		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 December 05, 2022, the reporting person was granted restricted stock units, which vest 1/3 on each of the first, second and third anniversaries of the date of grant, subject to continued employment.