Michael S. Bishop - Dec 11, 2023 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role: EVP, TREASURER & CFO
Signature: /s/ Michael S. Bishop
Stock symbol: FCEL
Transactions as of: Dec 11, 2023
Transactions value $: -$3,930
Form type: 4
Date filed: 12/13/2023, 04:48 PM
Previous filing: Dec 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCEL	Common Stock	Options Exercise	$0	+6.52K	+3.86%	$0.00	176K	Dec 11, 2023	Direct	F1
transaction	FCEL	Common Stock	Tax liability	-$3.93K	-3.02K	-1.72%	$1.30	173K	Dec 11, 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	-6.52K	-50%	$0.00	6.52K	Dec 11, 2023	Common Stock	6.52K	$0.00	Direct	F1, F3
transaction	FCEL	Employee Restricted Stock Unit	Award	$0	+413K		$0.00	413K	Dec 11, 2023	Common Stock	413K	$0.00	Direct	F4, F5

* 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 10, 2021, 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.
F4	Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting of the restricted stock unit.
F5	On December 11, 2023, 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.