Research Summary
AI-generated summary of this SEC filing
Plug Power (PLUG) CSO Benjamin Haycraft Sells Shares
What Happened
- Benjamin Haycraft, Plug Power’s Chief Sales Officer & GM EMEA, sold a total of 32,560 shares in two open-market transactions. On 2026-09-11 he sold 13,810 shares at $2.14 for $29,553, and on 2026-09-15 he sold 18,750 shares at $2.06 for $38,625, for combined proceeds of $68,178. These were outright sales (not purchases or option exercises).
Key Details
- Transaction dates & prices:
- 2026-09-11: 13,810 shares @ $2.14 = $29,553
- 2026-09-15: 18,750 shares @ $2.06 = $38,625
- Total shares sold: 32,560; total proceeds: $68,178.
- Footnote: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 11, 2026.
- Shares owned after the transactions: Not specified in the provided filing details.
- Filing timeliness: The Form 4 was filed 2026-09-15 covering the 09-11 and 09-15 trades. The 09-11 trade was reported several days later than the trade date (may be late under the usual 2-business-day rule); the 09-15 trade was filed the same day.
Context
- A 10b5-1 plan lets insiders pre-authorize trades according to a plan set up when they are not in possession of material nonpublic information; trades under such plans are often routine and do not necessarily indicate a change in the insider’s view of the company.
- These are sales (liquidity events) rather than purchases, so they are less informative as a bullish signal.