Jason Few - Nov 25, 2022 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role: CEO, Director
Signature: /s/ Michael S. Bishop, as Power of Attorney
Stock symbol: FCEL
Transactions as of: Nov 25, 2022
Transactions value $: -$45,915
Form type: 4
Date filed: 11/29/2022, 03:34 PM
Previous filing: Aug 30, 2022
Next filing: Dec 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCEL	Common Stock	Options Exercise	$0	+28.5K	+6%	$0.00	503K	Nov 25, 2022	Direct	F1
transaction	FCEL	Common Stock	Tax liability	-$45.9K	-13.2K	-2.62%	$3.48	490K	Nov 25, 2022	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	-28.5K	-50%	$0.00	28.5K	Nov 25, 2022	Common Stock	28.5K	$0.00	Direct	F1, F3

* 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 November 24, 2020, 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.