Form 4: Clean Energy Fuels SVP Sells 105,300 Shares

Clean Energy Fuels Corp.'s SVP of Strategic Development, Barclay Corbus, sold 105,300 shares of common stock for a weighted average price of $2.6299 per share.

Summary

• Barclay Corbus, SVP of Strategic Development at Clean Energy Fuels Corp. (CLNE), reported a sale of common stock.
• The transaction involved the disposition of 105,300 shares.
• The shares were sold on September 18, 2025, at a weighted average price of $2.6299 per share.
• The sales occurred in multiple transactions with prices ranging from $2.6050 to $2.6550.
• Following this transaction, Barclay Corbus beneficially owns 1,061,248 shares of common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, the disclosure indicates it was made under a Rule 10b5-1 plan, suggesting a pre-scheduled transaction rather than an immediate reaction to new company-specific information. This mitigates potential negative interpretations.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived negatively by investors as it reduces management's direct equity stake in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction is specific to Clean Energy Fuels Corp. and does not directly reflect broader industry trends or competitive dynamics. Insider sales, particularly those under a 10b5-1 plan, are common and often relate to personal financial planning rather than a change in company fundamentals or industry outlook.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, though the 10b5-1 plan suggests it's for personal financial management rather than a lack of confidence in the company.

Key Dates

Keywords

Clean Energy Fuels, CLNE, Insider Trading, Stock Sale, Form 4, Barclay Corbus, SVP Strategic Development, 10b5-1 Plan