Andrew Marsh - 26 Apr 2024 Form 4 Insider Report for PLUG POWER INC (PLUG)

Role: President and CEO, Director
Signature: /s/ Gerard L. Conway, Jr., Attorney-in-Fact
Issuer symbol: PLUG
Transactions as of: 26 Apr 2024
Net transactions value: $0
Form type: 4
Filing time: 30 Apr 2024, 16:15:24 UTC
Previous filing: 03 Oct 2023
Next filing: 28 May 2024
SEC: View on sec.gov

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	Stock Option (Right to Buy)	Award	$0	+1,500,000		$0.000000	1,500,000	26 Apr 2024	Common Stock	1,500,000	$2.41	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Awarded pursuant to Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended.
F2	The shares underlying this stock option shall vest in three equal annual installments following the grant date, subject to the Reporting Person's continued service on each such vesting date; provided, however, that 750,000 shares underlying such option shall vest only if the daily volume weighted average price of the Company's common stock during any 30 consecutive trading day period ("VWAP") equals or exceeds $7.50 prior to April 30, 2025.

Content

Awarded pursuant to Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended.

The shares underlying this stock option shall vest in three equal annual installments following the grant date, subject to the Reporting Person's continued service on each such vesting date; provided, however, that 750,000 shares underlying such option shall vest only if the daily volume weighted average price of the Company's common stock during any 30 consecutive trading day period ("VWAP") equals or exceeds $7.50 prior to April 30, 2025.