FuelCell Energy (FCEL) EVP sells 2,500 shares under 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

FUELCELL ENERGY INC executive Shankar Achanta sold shares under a pre-planned program. As EVP and Chief Product & Technology Officer, he completed an open-market sale of 2,500 shares of common stock at $8.00 per share. Following this transaction, he directly holds 3,590 common shares. The filing notes the sale was executed pursuant to a Rule 10b5-1 trading plan adopted on January 5, 2026, indicating the trade was scheduled in advance rather than opportunistic.

Insider Trade Summary 10b5-1

Net Seller: 2,500 shares ($20,000)

Net Sell 1 txn

Insider Achanta Shankar

Role EVP, Chf. Product &Tech Ofc.

Sold 2,500 shs ($20K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,500	$8.00	$20K

Holdings After Transaction: Common Stock — 3,590 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 2,500 shares Sale price: $8.00 per share Shares held after sale: 3,590 shares +3 more

6 metrics

Shares sold 2,500 shares Open-market sale of common stock

Sale price $8.00 per share Price for the reported open-market sale

Shares held after sale 3,590 shares Direct holdings following the transaction

Net share change -2,500 shares Net-sell direction in transaction summary

Rule 10b5-1 plan adoption date January 5, 2026 Date the pre-planned trading arrangement was adopted

Sell transaction count 1 transaction Single non-derivative open-market sale reported

Key Terms

Form 4, Rule 10b5-1 trading plan, open-market sale, common stock, +1 more

5 terms

Form 4 regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Rule 10b5-1 trading plan regulatory

"were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

common stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

non-derivative financial

""transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

04/21/2026 - 05:29 PM

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^*

Achanta Shankar

(Last)

(First)

(Middle)

C/O FUELCELL ENERGY, INC.

3 GREAT PASTURE ROAD

(Street)

DANBURY

CONNECTICUT

06810

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FUELCELL ENERGY INC [ FCEL ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Chf. Product &Tech Ofc.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/20/2026		S⁽¹⁾		2,500	D	$8	3,590	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 5, 2026.

	/s/ Michael S. Bishop, as Power of Attorney	04/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FCEL executive Shankar Achanta report?

EVP Shankar Achanta reported an open-market sale of 2,500 shares of FuelCell Energy common stock at $8.00 per share. The transaction was disclosed on a Form 4 insider filing and reflects a planned disposition of a portion of his direct holdings.

How many FuelCell Energy (FCEL) shares does the EVP hold after the sale?

After selling 2,500 shares, EVP Shankar Achanta directly holds 3,590 shares of FuelCell Energy common stock. This post-transaction balance is reported in the Form 4 and shows he retains an equity stake in the company following the disclosed sale.

Was the FCEL insider sale made under a Rule 10b5-1 trading plan?

Yes. The Form 4 footnote states the sale was effected under a Rule 10b5-1 trading plan adopted on January 5, 2026. Such plans pre-schedule trades, aiming to separate routine portfolio management from short-term market timing concerns.

What was the sale price for the FCEL shares sold by the EVP?

The 2,500 FuelCell Energy shares sold by EVP Shankar Achanta were transacted at $8.00 per share. This per-share sale price is disclosed in the Form 4 and is used to calculate the dollar value of the open-market transaction.

Does the FCEL Form 4 show any option exercises or derivative transactions?

No derivative transactions are listed in this Form 4. The filing reports only a single non-derivative open-market sale of common stock, and the derivativeSummary section contains no remaining options or other derivative positions for this reporting person.