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

Signature
/s/ Gerard L. Conway, Jr., Attorney-in-Fact
Stock symbol
PLUG
Transactions as of
Apr 26, 2024
Transactions value $
$0
Form type
4
Date filed
4/30/2024, 04:15 PM
Previous filing
Oct 3, 2023
Next filing
May 28, 2024

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 +1.5M $0.00 1.5M Apr 26, 2024 Common Stock 1.5M $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.