Jason Few - Dec 5, 2023 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role: CEO, Director
Signature: /s/ Michael S. Bishop, as Power of Attorney
Stock symbol: FCEL
Transactions as of: Dec 5, 2023
Transactions value $: -$91,766
Form type: 4
Date filed: 12/7/2023, 05:14 PM
Previous filing: Nov 28, 2023
Next filing: Dec 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCEL	Common Stock	Options Exercise	$0	+140K	+18.54%	$0.00	893K	Dec 5, 2023	Direct	F1
transaction	FCEL	Common Stock	Tax liability	-$91.8K	-71.7K	-8.03%	$1.28	821K	Dec 5, 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	-140K	-33.33%	$0.00	279K	Dec 5, 2023	Common Stock	140K		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.