Mark Feasel - Dec 10, 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: Dec 10, 2024
Transactions value $: -$19,941
Form type: 4
Date filed: 12/12/2024, 05:38 PM
Previous filing: Dec 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCEL	Common Stock	Options Exercise	$0	+343	+7.53%	$0.00	4.9K	Dec 10, 2024	Direct	F1, F2
transaction	FCEL	Common Stock	Tax liability	-$2.04K	-180	-3.67%	$11.35	4.72K	Dec 10, 2024	Direct	F3
transaction	FCEL	Common Stock	Options Exercise	$0	+217	+4.6%	$0.00	4.94K	Dec 10, 2024	Direct	F1, F4
transaction	FCEL	Common Stock	Tax liability	-$1.29K	-114	-2.31%	$11.35	4.82K	Dec 10, 2024	Direct	F5
transaction	FCEL	Common Stock	Options Exercise	$0	+2.53K	+52.34%	$0.00	7.35K	Dec 11, 2024	Direct	F1, F4
transaction	FCEL	Common Stock	Tax liability	-$16.6K	-1.32K	-17.99%	$12.56	6.03K	Dec 11, 2024	Direct	F5

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 Performance Share Unit	Options Exercise	$0	-343	-100%	$0.00	0	Dec 10, 2024	Common Stock	343	$0.00	Direct	F1, F2, F6
transaction	FCEL	Employee Restricted Stock Unit	Options Exercise	$0	-217	-100%	$0.00	0	Dec 10, 2024	Common Stock	217	$0.00	Direct	F1, F4, F7
transaction	FCEL	Employee Restricted Stock Unit	Options Exercise	$0	-2.53K	-33.33%	$0.00	5.05K	Dec 11, 2024	Common Stock	2.53K	$0.00	Direct	F1, F4, F8

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

Explanation of Responses:

Id	Content
F1	Reflects the 1-for-30 reverse stock split effected by the Issuer on November 8, 2024.
F2	Shares were issued in settlement of earned performance share units.
F3	Represents shares withheld to satisfy tax obligations upon the vesting of performance share units.
F4	Restricted stock units were converted into common stock on a one-for-one basis.
F5	Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
F6	On May 16, 2022, the reporting person was granted performance shares which were based on performance over the three-year performance period ended October 31, 2024, subject to continued employment. The performance goal was the TSR of the Company relative to the TSR of the Russell 2000 during the performance period. The Compensation and Leadership Development Committee certified achievement at 52.665% of the target number previously reported (as adjusted to reflect the 1-for-30 reverse stock split effected by the Issuer on November 8, 2024), resulting in the award of 343 shares.
F7	On May 16, 2022, the reporting person was granted restricted stock units, which vested 1/3 on each of December 10, 2022, December 10, 2023 and December 10, 2024, subject to continued employment.
F8	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.