Plug Power SEC Filings

Plug Power Inc. filed an 8-K reporting the inclusion of a Warrant Inducement Agreement and the forms of two warrant instruments, plus counsel opinion and consent. The filing lists a Form of Warrant Inducement Agreement (Exhibit 1.1), a Form of New Warrant (Exhibit 4.1), a Form of Pre-Funded Warrant (Exhibit 4.2), an opinion of counsel (Exhibit 5.1) and the related consent (Exhibit 23.1). No financial terms, issuance sizes, pricing, or specific deal counterparties are disclosed in the provided text, so the filings primarily document the agreement and legal opinions rather than economic details.

Plug Power is issuing warrants and pre-funded warrants tied to previously issued March 20, 2025 warrants in exchange for full exercise of those March Warrants at $2.00 per share. The offering includes 185,430,464 new warrants exercisable at $7.75 (expire March 20, 2028) and 154,430,464 pre-funded warrants exercisable at $0.0001 (expire March 20, 2028), together covering up to 185,430,464 shares issuable on exercise of the new warrants and 154,430,464 pre-funded shares. Net proceeds from the initial exercises (March Warrants into shares and pre-funded warrants) are estimated at $354 million, excluding potential additional proceeds of approximately $1.4 billion if all new warrants and pre-funded warrants are later exercised for cash. New warrants are not exercisable for shares until the company obtains stockholder approval or effects a reverse stock split to increase authorized shares; absent that, the new warrants may be cash-settled after February 28, 2026. The new and pre-funded warrants will not be listed and likely will have limited liquidity. Financial advisors receive a fee equal to 4.25% of gross proceeds from the exercised March Warrants. The common stock trades under the symbol PLUG ($3.87 last reported on October 7, 2025), and total shares outstanding post-offering are estimated at 1,231,696,599 assuming no exercise of the new instruments.

Plug Power Inc. director and chief executive officer Andrew Marsh received 18,324 shares of the company's common stock on 10/03/2025 as part of an executive compensation election to take a portion of base salary and bonus in stock under the Plug Power Inc. 2021 Stock Option and Incentive Plan. The shares were fully vested upon grant and were issued at a reported price of $3.81 per share. After this grant, Mr. Marsh beneficially owns 908,928 shares directly and holds an additional 115,464 shares indirectly through the company 401(k) plan (plan statement dated 09/12/2025). The Form 4 was signed by an attorney-in-fact on 10/07/2025.

Plug Power Inc. (PLUG) director reports stock acquisition. On 10/01/2025, a director acquired 9,657 shares of common stock at $2.33 per share. The filing states the shares were awarded as compensation under Plug Power Inc.'s Non-Employee Director Compensation Plan.

Following this transaction, the director beneficially owns 218,470 shares, held directly.

Plug Power Inc. (PLUG) director Gregory Kenausis received 8,450 shares of common stock as compensation on 10/01/2025 at a reported price of $2.33 per share under the company's Non-Employee Director Compensation Plan. After the award, Mr. Kenausis beneficially owns 451,973 shares. The Form 4 was filed as a single reporting person filing and signed by an attorney-in-fact on 10/03/2025. The filing records a standard director compensation grant rather than an open-market purchase.

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.

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.

Plug Power (PLUG) reported an insider equity award. A company director acquired 10,193 shares of common stock on 10/01/2025, recorded at a price of $2.33 per share. The filing states the award was granted as compensation under Plug Power Inc.'s Non-Employee Director Compensation Plan.

Following this transaction, the director beneficially owned 200,448 shares, held directly. The filing was made by one reporting person and lists the person’s relationship to the issuer as Director.