Plug Power SEC Filings

Plug Power Inc. insider grant details: Chief Revenue Officer Jose Luis Crespo was awarded a stock option to purchase 1,000,000 shares of Plug Power common stock at an exercise price of $1.44 per share. The option grant has an exercise/issuance date of 09/04/2025, becomes exercisable in installments and expires on 09/04/2035.

The grant was made under Plug Power's 2021 Stock Option and Incentive Plan, as amended. The underlying shares vest in three equal annual installments following the grant date, subject to Crespo's continued service. The Form 4 was signed by an attorney-in-fact on 09/08/2025 and shows 1,000,000 derivative securities beneficially owned following the transaction, held directly.

Gerard L. Conway, Jr., who serves as General Counsel, Corporate Secretary and Executive Vice President of Plug Power Inc. (PLUG), reported a grant of 1,000,000 stock options on 09/04/2025. The options have an exercise price of $1.44 and a term expiring on 09/04/2035. The award was granted under Plug Power's 2021 Stock Option and Incentive Plan, as amended. The underlying shares will vest in three equal annual installments after the grant date, subject to the reporting person’s continued service on each vesting date. Following the grant, the reporting person beneficially owns 1,000,000 options on a direct basis.

Plug Power Inc. filed a prospectus supplement to register up to $1.0 billion of common stock for sale under an amended At Market Issuance Sales Agreement with B. Riley Securities. The company may sell shares from time to time on the Nasdaq Capital Market (ticker PLUG); the last reported sale price noted was $1.65 per share on August 14, 2025. B. Riley may act as agent (commission up to 3.0%) or principal (purchase fee 5.0%). Net proceeds are intended for working capital, capital expenditures and general corporate purposes, with management retaining broad discretion. The filing discloses Plug Power's ongoing hydrogen operations and manufacturing footprint and highlights material risks, including a cumulative deficit of $6.6 billion and net losses of $2.1 billion in 2024, $1.4 billion in 2023 and $724.0 million in 2022.

Plug Power Inc. reported a second quarter 2025 net loss of $228.7 million on net revenue of $173.97 million, improving from a $262.3 million loss a year earlier but still producing a gross loss of $53.5 million. Cash and cash equivalents totaled $140.7 million with total assets of $3.35 billion and an accumulated deficit of $7.02 billion. Inventory declined to $643.9 million and carries $134.6 million of excess and obsolete adjustments.

The company raised net proceeds of $267.5 million from a March registered direct offering and issued a $210.0 million 15.00% Secured Debenture (purchase price $199.5 million) in May, with an effective Q2 yield of 19.2% and a warrant issued to Yorkville. Management expects restructuring savings to begin in the second half of 2025 and states working capital, available restricted cash, equity facilities (ATM and SEPA) and the new debenture support operations for at least 12 months under stated assumptions.

Plug Power furnished a press release reporting its financial results for the second quarter ended June 30, 2025, and disclosed that it will host a conference call at 4:30 p.m. Eastern accessible via the company website. The press release is provided as Exhibit 99.1 and the filing also includes an Inline XBRL cover page as Exhibit 104.

The filing specifies that the Item 2.02 disclosure and Exhibit 99.1 are furnished, not filed for purposes of Section 18 of the Exchange Act, and the text of the 8-K does not contain the numerical financial results themselves; stakeholders must review the furnished press release or attend the call for the detailed financial figures.