Alex Meruelo and Trust Decrease Beneficial Ownership in FuelCell Energy Inc to 4.6%

Alex Meruelo and the Alex Meruelo Living Trust filed a Schedule 13G on July 13, 2026, disclosing a combined beneficial ownership of 3,710,500 shares of FuelCell Energy Inc (FCEL), representing 4.6% of the company's common stock. This filing indicates that the reporting persons have ceased to be beneficial owners of more than 5% of the issuer. The decrease in ownership percentage was driven by two factors: a sale of 750 call options (representing 75,000 shares) by the Trust on July 6, 2026, and dilution resulting from the issuer's underwritten public offering that closed on July 9, 2026. Prior to these events, the reporting persons may have been deemed to own more than 5% based on a lower share count. The current holdings include 3,600,000 shares held directly by the Trust, 75,000 shares underlying call options, and 35,500 shares held by Mr. Meruelo's spouse. The filing confirms the position is held for investment purposes and not for influencing control.