Fusion Fuel (NASDAQ: HTOO) CEO details option and Series A preferred stakes

Rhea-AI Filing Summary

Fusion Fuel Green PLC Chief Executive Officer John-Paul Backwell filed an amended initial ownership report detailing derivative positions in the company. He holds a share option over 400,000 Class A Ordinary Shares at an exercise price of $4.53 per share, expiring on October 9, 2032, which vests in three equal installments on December 31, 2025, 2026, and 2027. He also reports Series A Convertible Preferred Shares that are currently linked to 219,991 underlying Class A Ordinary Shares and are described as automatically converting into 62,854 Class A Ordinary Shares, subject to adjustment and specified shareholder and Nasdaq approval conditions, while he disclaims beneficial ownership of the Class A shares issuable upon conversion.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Backwell John-Paul

(Last) (First) (Middle)

C/O FUSION FUEL GREEN PLC

9 PEMBROKE STREET UPPER

(Street)

DUBLIN D02 KR83

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Fusion Fuel Green PLC [ HTOO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
12/05/2024

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share Option (Right to Buy)	(1)	10/09/2032	Class A Ordinary Shares	400,000	$4.53	D
Series A Convertible Preferred Shares	(2)	(2)	Class A Ordinary Shares	219,991	(2)	D

Explanation of Responses:

1. Vests in three equal installments on December 31, 2025, December 31, 2026, and December 31, 2027.

2. The Series A Convertible Preferred Shares will automatically convert into 62,854 Class A Ordinary Shares, subject to adjustment, upon the later of approval of the issuer's issuance of the underlying Class A Ordinary Shares by the Issuer's shareholders in accordance with applicable Irish law, and the clearance of an initial listing application filed by the issuer with The Nasdaq Stock Market LLC. The reporting person disclaims beneficial ownership of the Class A Ordinary Shares issuable upon conversion of the Series A Convertible Preferred Shares.

	/s/ John-Paul Backwell	03/18/2026
	** 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 5 (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.
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* Form 3: SEC 1473 (03-26)

FAQ

What does Fusion Fuel Green (HTOO) CEO John-Paul Backwell report in this Form 3/A?

John-Paul Backwell reports his derivative interests in Fusion Fuel Green. He lists a large share option over Class A Ordinary Shares and Series A Convertible Preferred Shares that can convert into Class A shares, providing transparency about his potential equity exposure as an executive.

How many Fusion Fuel Green Class A shares are covered by John-Paul Backwell’s option?

The filing shows a share option over 400,000 underlying Class A Ordinary Shares at an exercise price of $4.53 per share. This option is scheduled to vest in three equal installments on December 31, 2025, December 31, 2026, and December 31, 2027, and expires in 2032.

What are the terms of the Series A Convertible Preferred Shares reported by Fusion Fuel’s CEO?

Backwell reports Series A Convertible Preferred Shares linked to 219,991 underlying Class A Ordinary Shares. A footnote explains these preferred shares will automatically convert into 62,854 Class A Ordinary Shares, subject to adjustment, once shareholder approval and Nasdaq listing clearance conditions have been satisfied.

Does John-Paul Backwell claim beneficial ownership of Fusion Fuel Class A shares from the Series A preferred?

No. The filing states that although the Series A Convertible Preferred Shares are convertible into Class A Ordinary Shares, Backwell disclaims beneficial ownership of the Class A shares issuable upon conversion. This clarifies how his economic and voting interest in those underlying shares should be interpreted.

When do John-Paul Backwell’s Fusion Fuel share options vest and expire?

The option vests in three equal installments on December 31, 2025, December 31, 2026, and December 31, 2027, according to the footnote. The option expires on October 9, 2032, defining both the period over which it becomes exercisable and the final date to exercise.