Form 4: Plug Power Executive Sells Shares Under 10b5-1 Plan

Plug Power's CSO & EVP of EMEA Region, Benjamin Haycraft, sold 10,000 shares of common stock for $2.92 per share under a pre-arranged trading plan.

Summary

• Benjamin Haycraft, Chief Solutions Officer and Executive Vice President of the EMEA Region at Plug Power Inc. (PLUG), reported a sale of common stock.
• The transaction involved the disposition of 10,000 shares of Plug Power common stock.
• The shares were sold at a price of $2.92 per share.
• The sale occurred on November 10, 2025.
• This transaction was executed pursuant to a Rule 10b5-1 trading plan, which was adopted on June 13, 2025.
• Following this transaction, Benjamin Haycraft directly beneficially owns 467,583 shares of Plug Power common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction executed under a pre-arranged 10b5-1 trading plan, which is typically for personal financial management and not necessarily indicative of company performance or outlook.

Negatives

• An insider selling shares, even under a pre-arranged plan, could be interpreted by some investors as a lack of confidence, although 10b5-1 plans are typically for personal financial management.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not directly relate to broader industry trends or competitive dynamics, beyond reflecting an executive's personal financial planning within the hydrogen and fuel cell industry.

Stakeholder Impact

• Shareholders: The sale of 10,000 shares by an executive is a relatively small transaction and is unlikely to have a significant direct impact on the company's stock price or long-term shareholder value, especially given it was pre-planned.

Key Dates

Keywords

Plug Power, PLUG, Insider Sale, Form 4, Stock Transaction, 10b5-1 Plan, Executive Compensation, Common Stock