Michael Lisowski - 10 Dec 2024 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role: EVP, Strategic Partnerships
Signature: /s/ Michael S. Bishop, as Power of Attorney
Issuer symbol: FCEL
Transactions as of: 10 Dec 2024
Net transactions value: -$11,956
Form type: 4
Filing time: 12 Dec 2024, 17:32:21 UTC
Previous filing: 09 Dec 2024
Next filing: 02 Jan 2025
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	+217	+3.8%	$0.000000	5,919	10 Dec 2024	Direct	F1, F2
transaction	FCEL	Common Stock	Tax liability	$783	-69	-1.2%	$11.35	5,850	10 Dec 2024	Direct	F3
transaction	FCEL	Common Stock	Options Exercise	$0	+343	+5.9%	$0.000000	6,193	10 Dec 2024	Direct	F1, F4
transaction	FCEL	Common Stock	Tax liability	$1,226	-108	-1.7%	$11.35	6,085	10 Dec 2024	Direct	F5
transaction	FCEL	Common Stock	Options Exercise	$0	+2,525	+41%	$0.000000	8,610	11 Dec 2024	Direct	F1, F2
transaction	FCEL	Common Stock	Tax liability	$9,948	-792	-9.2%	$12.56	7,818	11 Dec 2024	Direct	F3

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	-217	-100%	$0.000000	0	10 Dec 2024	Common Stock	217	$0.000000	Direct	F1, F2, F6
transaction	FCEL	Employee Performance Share Unit	Options Exercise	$0	-343	-100%	$0.000000	0	10 Dec 2024	Common Stock	343	$0.000000	Direct	F1, F4, F7
transaction	FCEL	Employee Restricted Stock Unit	Options Exercise	$0	-2,525	-33%	$0.000000	5,050	11 Dec 2024	Common Stock	2,525	$0.000000	Direct	F1, F2, 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	Restricted stock units were converted into common stock on a one-for-one basis.
F3	Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
F4	Shares were issued in settlement of earned performance share units.
F5	Represents shares withheld to satisfy tax obligations upon the vesting of performance share units.
F6	On December 10, 2021, the reporting person was granted restricted stock units, which vested 1/3 on each of the first, second and third anniversaries of the date of grant, subject to continued employment.
F7	On December 10, 2021, 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 until the third anniversary of the grant date (December 10, 2024). 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.
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.