Mark Feasel - Mar 25, 2024 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role: EVP & Ch. Commercial Officer
Signature: /s/ Michael S. Bishop, as Power of Attorney
Stock symbol: FCEL
Transactions as of: Mar 25, 2024
Transactions value $: -$48,954
Form type: 4
Date filed: 3/27/2024, 04:34 PM
Previous 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	+83.5K	+103.27%	$0.00	164K	Mar 25, 2024	Direct	F1, F2
transaction	FCEL	Common Stock	Tax liability	-$49K	-43.7K	-26.6%	$1.12	121K	Mar 25, 2024	Direct	F2, F3

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	-83.5K	-100%	$0.00^*	0	Mar 25, 2024	Common Stock	83.5K	$0.00	Direct	F1, F4

* 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	Includes 955 shares acquired under the Company's Employee Stock Purchase Plan.
F3	Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
F4	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.