[144] Fastenal Co SEC Filing

Rhea-AI Filing Summary

Plug Power Inc. (PLUG) – Form 4 filing dated 07/24/25

Director George C. McNamee reported routine board compensation awards effected on 07/03/25:

• 76,531 restricted shares granted at $0 cost; they vest in full on the earlier of the first anniversary of grant or the next annual meeting (>50 weeks after the prior meeting).
• 76,531 stock options with a $1.47 exercise price, same vesting schedule, expiring 07/03/35.

Following these grants, McNamee’s direct holdings rise to 809,523 common shares. He also reports indirect ownership of 300,000 shares held by the McNamee Family Irrevocable Trust, disclaimed except for pecuniary interest.

No open-market purchases or sales occurred; transactions are non-cash equity incentives under the 2021 Stock Option & Incentive Plan for non-employee directors. The filing signals continued insider alignment but does not provide information on company operations, earnings or guidance.

Positive

• Director’s direct holdings increase by 76,531 shares, indicating continued insider equity alignment.
• Low $1.47 option strike could motivate long-term performance if shares recover.

Negative

• No open-market buying; shares were granted at $0 cost, offering weaker bullish signal.
• Additional option issuance adds minor dilution to existing shareholders.

Insights

Securities Analyst

TL;DR: Routine director equity grant; mildly positive alignment, limited market impact.

The award enlarges McNamee’s stake by 76.5k shares and adds an equal number of at-the-money options, bringing total direct ownership to ~0.4% of PLUG’s 201 mn shares outstanding. Because the acquisition is compensation-based rather than a cash purchase, it offers limited signaling value but does reinforce long-term incentives at a low $1.47 strike (≈60% below current price if PLUG is trading near $3–4). Dilution is immaterial given plan size. Overall impact on valuation or sentiment is neutral; investors should focus on forthcoming operational updates and liquidity runway rather than this filing.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	13582	650930.11	1147636617	07/24/2025	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	07/24/2025	Stock Option Exercise	Issuer			13582	07/24/2025	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ANTHONY P BROERSMA 2001 Theurer Boulevard Winona MN 55987-1500	Common	04/25/2025	796	64646.03
ANTHONY P BROERSMA 2001 Theurer Boulevard Winona MN 55987-1500	Common	04/25/2025	4772	387413.87

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

How many Plug Power shares did Director George C. McNamee receive on 07/03/25?

76,531 restricted shares plus options on an additional 76,531 shares.

What is the exercise price of McNamee’s new Plug Power options?

The options carry a $1.47 exercise price and expire on 07/03/2035.

How many Plug Power shares does McNamee own after the transaction?

He now holds 809,523 shares directly and 300,000 shares indirectly via a family trust.

When do the newly granted Plug Power shares and options vest?

They vest fully on the earlier of the first anniversary of grant or the next annual meeting at least 50 weeks after the prior one.

Did McNamee purchase Plug Power shares with cash?

No. The shares and options were granted as director compensation; no open-market purchase occurred.