Michael Lisowski - 25 Nov 2022 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role: EVP & Chief Operating Officer
Signature: /s/ Michael S. Bishop, as Power of Attorney
Issuer symbol: FCEL
Transactions as of: 25 Nov 2022
Net transactions value: -$15,500
Form type: 4
Filing time: 29 Nov 2022, 15:43:55 UTC
Previous filing: 26 Aug 2022
Next filing: 07 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCEL	Common Stock	Options Exercise	$0	+9,610	+55%	$0.000000	26,994	25 Nov 2022	Direct	F1
transaction	FCEL	Common Stock	Tax liability	$15,500	-4,454	-16%	$3.48	22,540	25 Nov 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	-9,610	-50%	$0.000000	9,610	25 Nov 2022	Common Stock	9,610	$0.000000	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.