Plug Power director granted 9,956 shares

Mahtani Kavita reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Mahtani Kavita reported acquisition or exercise transactions in this Form 4 filing.

Plug Power Inc. director Kavita Mahtani received a grant of 9,956 shares of Common Stock as compensation. The award was made on April 1, 2026 under Plug Power Inc.'s Non-Employee Director Compensation Plan at a reported price of $2.26 per share.

Following this grant, Mahtani directly holds 239,847 shares of Plug Power Common Stock. This is a compensation-related equity award, not an open-market purchase, and represents a routine adjustment in her equity-based director compensation.

Insights

Equity compensation analyst

Director received routine stock grant as part of compensation.

Director Kavita Mahtani was granted 9,956 shares of Plug Power Common Stock at $2.26 per share. The footnote states this is compensation awarded under Plug Power Inc.'s Non-Employee Director Compensation Plan, indicating a standard, policy-driven equity award.

After this grant, Mahtani directly owns 239,847 shares. As an A-code grant/award acquisition with no sales, this filing reflects routine director compensation rather than a discretionary open-market trade, so its information value for sentiment is limited.

Insider Trade Summary

Grant/Award: 9,956 shares

Grant/Award 1 txn

Insider Mahtani Kavita

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,956	$2.26	$23K

Holdings After Transaction: Common Stock — 239,847 shares (Direct)

Footnotes (1)

1. F1. Compensation awarded to directors pursuant to Plug Power Inc.'s Non-Employee Director Compensation Plan.

Key Figures

Shares granted: 9,956 shares Grant price: $2.26 per share Shares held after transaction: 239,847 shares

3 metrics

Shares granted 9,956 shares Common Stock grant on April 1, 2026

Grant price $2.26 per share Reported price for the stock award

Shares held after transaction 239,847 shares Director's direct holdings following the grant

Key Terms

Non-Employee Director Compensation Plan, Grant, award, or other acquisition, Common Stock

3 terms

Non-Employee Director Compensation Plan financial

"Compensation awarded to directors pursuant to Plug Power Inc.'s Non-Employee Director Compensation Plan."

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Plug Power (PLUG) director Kavita Mahtani report in this Form 4?

Kavita Mahtani reported receiving a grant of 9,956 shares of Plug Power Common Stock. The shares were awarded as director compensation at a reported price of $2.26 per share, increasing her direct holdings to 239,847 shares after the transaction.

Was the Plug Power (PLUG) Form 4 transaction an open-market purchase?

No, the Form 4 shows a grant/award acquisition, not an open-market purchase. The A transaction code and footnote explain the 9,956 shares were awarded as compensation under Plug Power Inc.'s Non-Employee Director Compensation Plan for directors.

How many Plug Power (PLUG) shares does Kavita Mahtani hold after this grant?

After the reported compensation grant, Kavita Mahtani directly holds 239,847 shares of Plug Power Common Stock. This total includes the newly awarded 9,956 shares reported in the Form 4 filing for the transaction dated April 1, 2026.

What price per share is associated with the Plug Power (PLUG) director stock grant?

The reported stock grant to director Kavita Mahtani uses a price of $2.26 per share. This price is disclosed in the Form 4 for the 9,956 shares of Plug Power Common Stock awarded as compensation under the Non-Employee Director Compensation Plan.

What does transaction code A mean in the Plug Power (PLUG) Form 4?

In this Plug Power Form 4, transaction code A indicates a grant, award, or other acquisition of shares. Here, it reflects director compensation, as 9,956 shares of Common Stock were awarded to Kavita Mahtani under the Non-Employee Director Compensation Plan.

Is the Plug Power (PLUG) director stock grant related to a trading plan or derivative exercise?

No, the filing classifies the event as a non-derivative grant/award acquisition and notes it is compensation under the Non-Employee Director Compensation Plan. There are no derivative transactions or option exercises listed in the derivativeSummary for this Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/10/2026 - 05:38 PM Learn about SEC filing dates

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^*

Mahtani Kavita

(Last) (First) (Middle)

C/O PLUG POWER INC.

125 VISTA BOULEVARD

(Street)

SLINGERLANDS NEW YORK 12159

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		A(1)		9,956	A	$2.26	239,847	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	04/10/2026
	** 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)