Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2524

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 7A
Chunk 2524
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 ethics (“Code”) that applies to our directors, officers and employees, including our principal
executive officer, principal financial officer and principal accounting officer or controller, or persons performing similar functions.
Our website has a current copy of the Code and all disclosures that are required by law in regard to any amendments to, or waivers from,
any provision of the Code.

Clawback Policy

On January 1, 2024, our Board
adopted an executive compensation recoupment policy consistent with the requirements of the Exchange Act Rule 10D-1 and the Nasdaq listing
standards thereunder, to help ensure that incentive compensation is paid based on accurate financial and operating data, and the correct
calculation of performance against incentive targets. Our policy addresses recoupment of amounts from performance-based awards paid to
all corporate officers, including awards under our equity incentive plans, in the event of a financial restatement to the extent that
the payout for such awards would have been less, or in the event of fraud, or intentional, willful or gross misconduct that contributed
to the need for a financial restatement.

Insider Trading Policy

We have an insider trading
policy that prohibits our directors, executive officers, employees, independent contractors and consultants from the purchasing or selling
our securities while being aware of material, non-public information about the Company as well as disclosing such information to others
who may trade in securities of the Company. Our insider trading policy also prohibits our directors, executive officers, employees, independent
contractors and consultants from engaging in hedging activities or other short-term or speculative transactions in the Company’s
securities such as short sales, options trading, holding the Company’s securities in a margin account or pledging the Company’s
securities as collateral for a loan, without the advance approval of our Chief Executive Officer and Chief Financial Officer. Our insider
trading policy is filed as Exhibit 19.1 to this Annual Report on Form 10-K.

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange
Act requires our executive officers, directors and persons who beneficially own more than 10% of our common stock to file with the SEC
reports of their ownership and changes in their ownership of our common stock. To our knowledge, based solely on review of the copies
of such reports and amendments to such reports with respect to the year ended December 31, 2024 filed with the SEC, all required Section
16 reports under the Exchange Act for