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Clean Energy Fuels (CLNE) CFO granted 200,000 RSUs award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Clean Energy Fuels Corp. reported that Chief Financial Officer Robert M. Vreeland received an equity award covering 200,000 shares of common stock as restricted stock units. The RSUs vest 34% after one year and 33% on each of the following two anniversaries.

The filing also shows 36,482 shares of common stock were disposed of to satisfy tax withholding obligations upon RSU vesting, and that Vreeland’s reported holdings now include an additional 52,800 shares that had been inadvertently omitted from earlier reports.

Positive

  • None.

Negative

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Insider Vreeland Robert M.
Role CHIEF FINANCIAL OFFICER
Type Security Shares Price Value
Grant/Award Common Stock 200,000 $0.00 --
Tax Withholding Common Stock 36,482 $2.26 $82K
Holdings After Transaction: Common Stock — 863,256 shares (Direct)
Footnotes (1)
  1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock. Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon the vesting and settlement of the RSU. The RSUs will vest as to 34% on the first anniversary of the grant date and as to 33% on each of the second and third anniversaries of the grant date. This amount includes an increase of 52,800 shares that were inadvertently omitted from previous reports.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Vreeland Robert M.

(Last) (First) (Middle)
C/O CLEAN ENERGY FUELS CORP.
4675 MACARTHUR COURT, SUITE 800

(Street)
NEWPORT BEACH CA 92660

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Clean Energy Fuels Corp. [ CLNE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF FINANCIAL OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/27/2026 F 36,482(1) D $2.26 610,456 D
Common Stock 03/02/2026 A(2) 200,000(3) A $0 863,256(4) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.
2. Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon the vesting and settlement of the RSU.
3. The RSUs will vest as to 34% on the first anniversary of the grant date and as to 33% on each of the second and third anniversaries of the grant date.
4. This amount includes an increase of 52,800 shares that were inadvertently omitted from previous reports.
/s/ Marilyn Vu-Tran, Attorney-in-Fact for Robert M. Vreeland 03/03/2026
** Signature of Reporting Person Date
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.

FAQ

What insider transactions did Clean Energy Fuels (CLNE) disclose for its CFO?

Clean Energy Fuels disclosed that CFO Robert M. Vreeland received an equity award for 200,000 restricted stock units and had 36,482 shares withheld for taxes. The filing also updates his holdings to include 52,800 shares that were previously omitted from earlier reports.

How many RSUs were granted to the Clean Energy Fuels (CLNE) CFO?

The CFO of Clean Energy Fuels received an award covering 200,000 restricted stock units. Each RSU represents a contingent right to receive one share of common stock upon vesting and settlement, providing equity-based compensation tied directly to the company’s common stock over time.

How will the 200,000 RSUs to the Clean Energy Fuels (CLNE) CFO vest?

The 200,000 RSUs will vest in three tranches over three years. Thirty-four percent vests on the first anniversary of the grant date, and 33% vests on each of the second and third anniversaries, aligning the award with multi‑year service and performance horizons.

Why were 36,482 Clean Energy Fuels (CLNE) shares disposed of in the CFO’s Form 4?

The 36,482 shares were withheld to cover tax withholding obligations upon the vesting of restricted stock. Instead of paying cash for taxes, a portion of vested shares was delivered for this purpose, a common structure in equity compensation programs for senior executives.

What does the 52,800-share adjustment mean in the Clean Energy Fuels (CLNE) CFO’s holdings?

The filing states the CFO’s reported holdings now include 52,800 additional shares inadvertently omitted from previous reports. This adjustment is a reporting correction, ensuring the disclosed total share ownership accurately reflects all shares beneficially held by the executive.