Shawn M. Soderberg - 15 Feb 2023 Form 4 Insider Report for Bloom Energy Corp (BE)

Role
EVP, GC & Secretary
Signature
/s/ Shawn M. Soderberg
Issuer symbol
BE
Transactions as of
15 Feb 2023
Net transactions value
-$66,250
Form type
4
Filing time
17 Feb 2023, 18:11:07 UTC
Previous filing
18 Jan 2023
Next filing
23 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BE Class A Common Stock Options Exercise $0 +3,032 +0.78% $0.000000 392,043 15 Feb 2023 Direct F1
transaction BE Class A Common Stock Options Exercise $0 +16,170 +4.1% $0.000000 408,213 15 Feb 2023 Direct
transaction BE Class A Common Stock Award $0 +35,400 +8.7% $0.000000 443,613 15 Feb 2023 Direct F2
transaction BE Class A Common Stock Award $0 +34,588 +7.8% $0.000000 478,201 15 Feb 2023 Direct F3
transaction BE Class A Common Stock Sale $66,250 -2,806 -0.59% $23.61 475,395 16 Feb 2023 Direct F4, F5

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 BE Restricted Stock Units Options Exercise $0 -3,032 -20% $0.000000 12,127 15 Feb 2023 Class A Common Stock 3,032 Direct F6, F7
transaction BE Performance Stock Units Options Exercise $0 -16,170 -100% $0.000000* 0 15 Feb 2023 Class A Common Stock 16,170 Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,255 shares that were acquired under the Bloom Energy Corporation Employee Stock Purchase Plan.
F2 Restricted stock units ("RSUs") granted under the Bloom Energy Corporation 2018 Equity Incentive Plan. One-third of the RSUs will vest on February 15, 2024, and the remaining will vest in equal quarterly installments for the following two years, subject to Reporting Person remaining a service provider on each applicable vesting date.
F3 On January 14, 2022, the Reporting Person was granted a performance stock unit ("PSU") award for a target number of 32,940 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period related to the services business. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 15, 2023, which resulted in a payout of 1.05 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2023, another third on February 15, 2024 and the remaining third on February 15, 2025, subject to Reporting Person remaining a service provider on each applicable vesting date.
F4 Sale of shares to cover tax withholding obligation incurred upon settlement of RSUs effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F5 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $23.37 to $23.85. Upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F6 Each RSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F7 RSUs shall vest over three years, with a third of the RSUs vesting on the one-year anniversary of the vesting commencement date, which is February 15, 2021, and the remaining shares vesting in equal quarterly installments over the next two years, subject to Reporting Person remaining a service provider on each applicable vesting date.
F8 Each PSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F9 On June 12, 2020, the Reporting Person was granted a PSU award for a target number of 33,000 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 11, 2021, which resulted in a payout of 1.47 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2021, another third on February 15, 2022 and the remaining third on February 15, 2023, subject to Reporting Person remaining a service provider on each applicable vesting date.