Sanjay K. Shrestha - May 9, 2021 Form 4 Insider Report for PLUG POWER INC (PLUG)

Role
Chief Strategy Officer
Signature
/s/ Gerard L. Conway, Jr., Attorney-in-Fact
Stock symbol
PLUG
Transactions as of
May 9, 2021
Transactions value $
-$488,315
Form type
4
Date filed
7/22/2021, 04:00 PM
Next filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUG Common Stock Options Exercise +50K +22.22% 275K May 9, 2021 Direct F1
transaction PLUG Common Stock Sale -$162K -5.7K -2.07% $28.43 269K Jul 13, 2021 Direct F2, F3
transaction PLUG Common Stock Tax liability -$326K -14.2K -5.26% $23.05 255K Jul 15, 2021 Direct F4

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 PLUG Restricted Stock Unit Options Exercise $0 -50K -50% $0.00 50K May 9, 2021 Common Stock 50K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the equivalent of one share of Plug Power Inc. common stock.
F2 Shares sold pursuant to a pre-established 10b5-1 trading plan effective as of June 9, 2020.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.19 to $28.70, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F4 Tendered to Issuer to satisfy tax withholding obligations of Reporting Person in connection with the Reporting Person's restricted stock unit award.
F5 On May 9, 2019, the Reporting Person was granted 150,000 restricted stock units, vesting in three substantially equal installments beginning on the first anniversary of the grant date. Each restricted stock unit is the equivalent of one share of Plug Power Inc. common stock.