Siemens Ag - Jun 30, 2022 Form 4 Insider Report for Fluence Energy, Inc. (FLNC)

Role: 10%+ Owner
Signature: SIEMENS AG, By: /s/ Christian Bleiweiss, Name: Christian Bleiweiss, Title: Chief Counsel Corporate, M&A, By: /s/ Hardi Zajewski, Name: Hardi Zajewski, Title: SVP M&A
Stock symbol: FLNC
Transactions as of: Jun 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/1/2022, 04:51 PM
Previous filing: Oct 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLNC	Class A Common Stock	Conversion of derivative security		+58.6M			58.6M	Jun 30, 2022	See footnote	F1, F2, F3
transaction	FLNC	Class A Common Stock	Other		-58.6M	-100%		0	Jun 30, 2022	See footnote	F1, F3
holding	FLNC	Class A Common Stock						58.6M	Jun 30, 2022	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FLNC	LLC Units of Fluence Energy, LLC	Conversion of derivative security	$0	-58.6M	-100%	$0.00^*	0	Jun 30, 2022	Class A Common Stock	58.6M		See Footnote	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 30, 2022, Siemens Industry, Inc. ("Siemens Industry"), a wholly owned, indirect subsidiary of Siemens AG, effected an internal transfer to Siemens AG of all of its interest in an aggregate of 58,586,695 shares of Class A Common Stock and exercised its redemption right with respect to an equivalent number of common units of Fluence Energy, LLC ("OpCo Units") together with the corresponding cancellation of 58,586,695 shares of Class B-1 Common Stock of Fluence Energy, Inc. Siemens Industry exercised such redemption right and transfer as a result of Siemens Industry's and Siemens AG's determination that it would be more suitable for Siemens AG to hold Class A Common Stock rather than Class B-1 Common Stock and OpCo Units. Siemens AG does not currently contemplate taking any other action at this time with respect to the Class A Common Stock or any other arrangements or agreements with Fluence Energy, LLC or Fluence Energy, Inc., other than in the ordinary course of business.
F2	The OpCo Units and an equal number of shares of Class B-1 Common Stock of Fluence Energy, Inc., together are exchangeable at the discretion of the holder for, at the Issuer's election, shares of Class A Common Stock on a one-for-one basis or the cash value thereof, subject to certain exceptions, conditions and adjustments, and have no expiration date.
F3	The securities are held of record by Siemens Industry. Siemens AG is the indirect parent of Siemens Industry and may be deemed to beneficially own the securities held of record by Siemens Industry.
F4	Following the transfer described above, these securities are held directly by Siemens AG and Siemens Industry no longer holds any securities of the Issuer. This Form 4 filing reflects an exit filing by Siemens Industry.