Fusion Fuel Green PLC 4

What Happened

• A 10% owner reported converting Series B Convertible Preferred Stock into common stock on Feb 23, 2026. The filing shows 8,500,000 common shares were acquired at $0.00 (total value $0) through conversion, and 8,500 derivative/preferred shares were disposed (converted) at $0.00. This was a conversion of a derivative security (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-23; Filing date (Form 4): 2026-03-24 (appears late — approx. one month after the transaction).
• Conversion amounts: Disposed 8,500 shares of Series B Convertible Preferred; Acquired 8,500,000 common shares. Price per share: $0.00 (no cash exchanged).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnote: Each Series B preferred share converts into 1,000 common shares for no cash consideration, subject to a 9.99% beneficial ownership cap and other conversion limits (see footnote F1).
• Transaction type: Conversion of derivative securities (code C on the form) — treated as an acquisition of common stock by conversion, not a market buy.

Context

• This is a corporate capital-structure conversion by a 10% owner (institutional/large holder), not an executive market trade. Conversions at $0 often reflect contractual conversion rights rather than a purchase decision, and do not necessarily signal buy/sell sentiment. The late filing may affect timeliness analysis for compliance tracking but does not change the underlying conversion facts.