# EDGAR Filing Document

**Accession Number:** 0001408158
**File Stem:** 0000897069-25-001786
**Filing Date:** 2025-12
**Character Count:** 7524
**Document Hash:** 7802ceb9b40d3f33cb894650d4bdab2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000897069-25-001786.hdr.sgml**: 20251209

**ACCESSION NUMBER**: 0000897069-25-001786

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251205

**FILED AS OF DATE**: 20251209

**DATE AS OF CHANGE**: 20251209

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Few Jason
- **CENTRAL INDEX KEY:** 0001408158

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14204
- **FILM NUMBER:** 251560142

**MAIL ADDRESS:**
- **STREET 1:** 2201 COLQUITT STREET
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FUELCELL ENERGY INC
- **CENTRAL INDEX KEY:** 0000886128
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRICAL INDUSTRIAL APPARATUS [3620]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 060853042
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**BUSINESS ADDRESS:**
- **STREET 1:** 3 GREAT PASTURE ROAD
- **CITY:** DANBURY
- **STATE:** CT
- **ZIP:** 06810
- **BUSINESS PHONE:** 2038256000

**MAIL ADDRESS:**
- **STREET 1:** 3 GREAT PASTURE ROAD
- **CITY:** DANBURY
- **STATE:** CT
- **ZIP:** 06810

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ENERGY RESEARCH CORP /NY/
- **DATE OF NAME CHANGE:** 19930328

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Few Jason<br><sub>(Last) (First) (Middle)</sub><br>C/O FUELCELL ENERGY, INC.<br>3 GREAT PASTURE ROAD<br><sub>(Street)</sub><br>DANBURY, CT 06810<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-12-05 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>FUELCELL ENERGY INC [ FCEL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-12-05 |  | M |  | 4654<sup>(1)</sup> | A | 0<sup>(2)</sup> | 41385 | D |  |
| Common Stock | 2025-12-05 |  | F<sup>(3)</sup> |  | 1459 | D | $8.37 | 39926 | D |  |
| Common Stock | 2025-12-05 |  | M |  | 5135<sup>(1)</sup> | A | 0<sup>(4)</sup> | 45061 | D |  |
| Common Stock | 2025-12-05 |  | F<sup>(5)</sup> |  | 1610 | D | $8.37 | 43451 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Employee Restricted Stock Unit | <sup>(2)</sup> | 2025-12-05 |  | M |  |  | 4654<sup>(1)</sup> | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 4654<sup>(1)</sup> | $0 | 0 | D |  |
| Employee Performance Share Unit | <sup>(4)</sup> | 2025-12-05 |  | M |  |  | 5135<sup>(1)</sup> | <sup>(7)</sup> | <sup>(7)</sup> | Common Stock | 5135<sup>(1)</sup> | $0 | 0 | D |  |

---

### Footnotes:

(1) Reflects the 1-for-30 reverse stock split effected by the Issuer on November 8, 2024.

(2) Restricted stock units were converted into common stock on a one-for-one basis.

(3) Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.

(4) Shares were issued in settlement of earned performance share units.

(5) Represents shares withheld to satisfy tax obligations upon the vesting of performance share units.

(6) On December 05, 2022, the reporting person was granted restricted stock units, which vested 1/3 on each of the first, second and third anniversaries of the date of grant, subject to continued employment.

(7) On December 05, 2022, the reporting person was granted performance shares which were based on performance over the three-year performance period ended October 31, 2025, subject to continued employment until the third anniversary of the grant date (December 5, 2025). The performance goal was the TSR of the Company relative to the TSR of the Russell 2000 during the performance period. The Compensation and Leadership Development Committee certified achievement at 36.77% of the target number previously reported (as adjusted to reflect the 1-for-30 reverse stock split effected by the Issuer on November 8, 2024), resulting in the award of 5,135 shares.

**Signature:** /s/ Michael S. Bishop, as Power of Attorney  
**Date:** 2025-12-09

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**