[144] Clean Energy Fuels Corp. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Clean Energy Fuels Corp. (CLNE): The filing notifies a proposed sale of 105,300 shares of common stock through Raymond James & Associates on or about 09/18/2025, with an aggregate market value of $276,700.00. The filing states the company's outstanding shares as 219,289,216, so the block represents roughly 0.048% of outstanding shares.

The shares to be sold were acquired via RSU vesting on multiple dates between 2010 and 2023, as listed in the filing, and total exactly 105,300 shares. The filer reports no securities sold in the past three months and signs the required attestation that no undisclosed material adverse information is known.

Positive

• Clear provenance of shares via detailed RSU vesting dates between 2010 and 2023
• Brokered sale through Raymond James, indicating orderly disposition
• Small percentage of outstanding shares (approximately 0.048%), suggesting limited market impact
• No sales in prior three months, reducing indications of serial insider selling
• Filer attestation that no undisclosed material adverse information is known

Negative

• Insider sale announced, which some investors may view negatively despite small size

Insights

Securities Analyst

TL;DR: Routine insider sale notice for a small block of shares; likely non-material for market pricing.

The Form 144 documents a proposed sale of 105,300 CLNE shares via a registered broker valued at $276,700, representing about 0.048% of outstanding stock. All shares were acquired through RSU vesting across 2010–2023, indicating compensation-related disposals rather than opportunistic transfers. The filing notes no sales in the past three months and includes the standard certification about material undisclosed information. Given the small size relative to the float, the transaction is unlikely to exert meaningful price pressure, but it notifies regulatory compliance and potential insider liquidity.

Corporate Governance Expert

TL;DR: Compliance-focused disclosure showing orderly disposition of vested RSUs; governance risk appears limited.

The schedule enumerates each RSU vesting event that produced the 105,300 shares proposed for sale, demonstrating transparent provenance of the shares. Use of a broker and explicit attestation on material information align with standard governance and securities law practices. Absence of recent sales in the prior three months reduces concerns about a pattern of continuous insider selling. From a governance perspective, this filing meets disclosure expectations and does not signal an immediate governance or disclosure breach.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Raymond James & Associates 880 Carillon Parkway St. Petersburg FL 33716	105300	276700.00	219289216	09/18/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/16/2010	RSU Vesting	Issuer			179	11/16/2010	RSU Vesting
Common	03/02/2021	RSU Vesting	Issuer			23513	03/02/2021	RSU Vesting
Common	02/25/2021	RSU Vesting	Issuer			6977	02/25/2021	RSU Vesting
Common	02/25/2022	RSU Vesting	Issuer			11286	02/25/2022	RSU Vesting
Common	02/25/2023	RSU Vesting	Issuer			5643	02/25/2023	RSU Vesting
Common	01/21/2023	RSU Vesting	Issuer			11286	01/21/2023	RSU Vesting
Common	01/21/2022	RSU Vesting	Issuer			23256	01/21/2022	RSU Vesting
Common	07/30/2012	RSU Vesting	Issuer			10000	07/30/2012	RSU Vesting
Common	02/13/2012	RSU Vesting	Issuer			5000	02/13/2012	RSU Vesting
Common	11/16/2016	RSU Vesting	Issuer			8160	11/16/2016	RSU Vesting

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for Clean Energy Fuels (CLNE) notify?

The filing notifies a proposed sale of 105,300 common shares via Raymond James on or about 09/18/2025, valued at $276,700.

How large is the sale relative to CLNE's outstanding shares?

The 105,300 shares represent about 0.048% of the 219,289,216 shares outstanding reported in the filing.

How were the shares being sold originally acquired?

All shares were acquired through RSU vesting on multiple dates between 2010 and 2023 as listed in the filing.

Were there any other sales by the filer in the past three months?

No. The filing explicitly reports "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale?

Raymond James & Associates (880 Carillon Parkway, St. Petersburg, FL) is named as the broker in the filing.

Does the filer assert knowledge of undisclosed material information?

Yes. The filer represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.