PLUG Form 4 — Director Issued 8,584 Shares Under Compensation Plan

Rhea-AI Filing Summary

Patrick Joggerst, a Director of Plug Power Inc. (PLUG), reported an acquisition on 10/01/2025 of 8,584 shares of common stock at a price of $2.33 per share. The filing shows these shares were issued as compensation under Plug Power's Non-Employee Director Compensation Plan. After the transaction, Mr. Joggerst beneficially owned 186,785 shares. The Form 4 was signed by an attorney-in-fact on 10/03/2025.

Positive

• Director acquisition of 8,584 shares under the Non-Employee Director Compensation Plan indicates alignment of a director with company equity
• Form 4 disclosure is timely and includes transaction date, price, and resulting beneficial ownership (186,785 shares)

Negative

• None.

Insights

Corporate Governance & Compliance Analyst

Director received equity compensation: $2.33 per share for 8,584 shares on 10/01/2025.

This Form 4 documents a routine issuance of equity to a non-employee director under the company's director compensation plan, which increases the director's beneficial ownership to 186,785 shares. The filing is procedural and aligns with typical disclosure requirements under Section 16.

The reported price of $2.33 per share and the explicit explanation that this was compensation provide clear traceability between the grant and the Form 4 reporting obligation. There is no additional information in the filing about vesting, restrictions, or any sale/disposition.

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

1. Name and Address of Reporting Person^*

Joggerst Patrick

(Last) (First) (Middle)

C/O PLUG POWER INC.

125 VISTA BOULEVARD

(Street)

SLINGERLANDS NY 12159

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PLUG POWER INC [ PLUG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A(1)		8,584	A	$2.33	186,785	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. Compensation awarded to directors pursuant to Plug Power Inc.'s Non-Employee Director Compensation Plan.

	/s/ Gerard L. Conway Jr., Attorney-in-Fact	10/03/2025
	** 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 PLUG director Patrick Joggerst report on Form 4?

He reported acquiring 8,584 shares of PLUG common stock on 10/01/2025 at $2.33 per share as director compensation.

How many PLUG shares does Patrick Joggerst beneficially own after the transaction?

The Form 4 reports beneficial ownership of 186,785 shares following the transaction.

Was the stock received as compensation or purchased?

The filing states the shares were awarded as compensation pursuant to Plug Power's Non-Employee Director Compensation Plan.

When was the Form 4 signed and filed?

The signature by an attorney-in-fact is dated 10/03/2025; the transaction date reported is 10/01/2025.

Does the Form 4 show any sale or disposition by the director?

No. The Form 4 records an acquisition (code A); there are no dispositions reported in this filing.