Plug Power Form 4: Director receives 11,803 shares on 10/01/2025

Rhea-AI Filing Summary

Maureen O. Helmer, a director of Plug Power Inc. (PLUG), received 11,803 shares of common stock on 10/01/2025 as compensation under the company’s Non-Employee Director Compensation Plan. The reported acquisition price per share is $2.33, and following the award she beneficially owns 357,606 shares. The Form 4 was signed by an attorney-in-fact on 10/03/2025. The filing indicates the transaction was a non-derivative, compensatory award to a director and does not disclose any exercised options, dispositions, or changes to derivative holdings.

Positive

• 11,803 shares awarded to director, indicating equity alignment with shareholders
• Post-transaction beneficial ownership of 357,606 shares disclosed

Negative

• None.

Insights

Corporate Governance Analyst

Director received equity compensation of 11,803 shares on 10/01/2025.

This Form 4 shows a non-derivative issuance to Maureen O. Helmer under the company’s Non-Employee Director Compensation Plan, indicating the shares were awarded as part of routine director compensation.

The filing reports a per-share price of $2.33 and a post-transaction beneficial ownership of 357,606 shares, providing a clear snapshot of the director’s current stake as disclosed.

Securities Compliance Specialist

Filing is a routine Section 16 disclosure showing a compensatory award.

The Form 4 is dated with the transaction on 10/01/2025 and the signature executed by an attorney-in-fact on 10/03/2025, meeting the disclosure of changes in beneficial ownership required under the Exchange Act.

The explanation explicitly states the shares are "Compensation awarded to directors pursuant to Plug Power Inc.'s Non-Employee Director Compensation Plan," with no amendments or derivative transactions reported.

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).

1. Name and Address of Reporting Person^*

HELMER MAUREEN O

(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)		11,803	A	$2.33	357,606	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 transaction did PLUG director Maureen Helmer report on Form 4?

The Form 4 reports a non-derivative award of 11,803 common shares to Maureen O. Helmer on 10/01/2025 as director compensation.

At what price were the shares in the Form 4 reported?

The reported price per share for the award is $2.33.

How many PLUG shares does Maureen Helmer beneficially own after the transaction?

Following the reported award, she beneficially owns 357,606 shares.

Under what plan were the shares awarded?

The shares were awarded pursuant to Plug Power Inc.'s Non-Employee Director Compensation Plan.

When was the Form 4 signed and by whom?

The Form 4 shows a signature by an attorney-in-fact, Gerard L. Conway Jr., dated 10/03/2025.