[Form 4] Clean Energy Fuels Corp. Insider Trading Activity

Rhea-AI Filing Summary

Clean Energy Fuels Corp. director and CEO Andrew J. Littlefair reported the sale of 250,000 shares of the company's common stock on 08/14/2025 at a weighted average price of $2.25 per share, with individual sale prices ranging from $2.20 to $2.28. After the reported disposition, Mr. Littlefair beneficially owns 1,494,637 shares, held directly. The sale was signed on behalf of Mr. Littlefair by an attorney-in-fact on 08/15/2025. The filing notes the reporting person will provide granular pricing details on request. No derivative transactions or other securities classes are reported in this Form 4.

Insights

Financial Analyst

TL;DR: CEO sold 250,000 shares at ~$2.25 reducing direct holdings to ~1.49M shares; transaction size is notable but not overwhelming.

The sale of 250,000 shares at a weighted average of $2.25 is a clear insider disposition and reduces the CEO's direct stake to 1,494,637 shares. For an analyst, the materiality depends on the issuer's float and market capitalization, which are not provided in this filing. The disclosure is complete on price range and provides an undertaking to supply per-price quantities on request, which supports transparency. There are no accompanying derivative exercises or additional hedging events disclosed.

Corporate Governance Expert

TL;DR: Director/CEO sale disclosed properly with required details and attorney-in-fact signature; governance procedures appear followed.

The Form 4 shows the reporting obligations met: transaction date, aggregate amount sold, weighted average price, and post-transaction beneficial ownership are reported. The signature by an attorney-in-fact is disclosed with date. The filing includes the standard footnote offering further breakdown of sale prices, which is good practice for compliance. The Form does not indicate any Rule 10b5-1 plan checkbox being marked, so no affirmative defense is asserted here.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Littlefair Andrew J

(Last) (First) (Middle)

C/O CLEAN ENERGY FUELS CORP.

4675 MACARTHUR COURT, SUITE 800

(Street)

NEWPORT BEACH CA 92660

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Clean Energy Fuels Corp. [ CLNE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO AND PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2025		S		250,000	D	$2.25(1)	1,494,637	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares sold in multiple transactions at prices ranging from $2.20 to $2.28, inclusive. The price reported in Column 4 is a weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

	/s/ James W. Sytsma, Attorney-in-Fact for Andrew J. Littlefair	08/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CLNE insider Andrew J. Littlefair report on Form 4?

He reported the sale of 250,000 common shares on 08/14/2025 at a weighted average price of $2.25 per share.

How many CLNE shares does Andrew J. Littlefair beneficially own after the sale?

Following the reported transaction he beneficially owns 1,494,637 shares, held directly.

What prices were the shares sold at in the CLNE transaction?

Sales occurred at prices ranging from $2.20 to $2.28; the Form 4 reports a weighted average of $2.25.

Was the sale of CLNE shares reported under a Rule 10b5-1 plan?

The filing does not indicate that the transaction was made pursuant to a 10b5-1 plan or similar written plan.

Who signed the Form 4 for Andrew J. Littlefair and when?

The Form 4 was signed by James W. Sytsma, Attorney-in-Fact for Andrew J. Littlefair on 08/15/2025.