Glen Griffiths - Feb 15, 2023 Form 4 Insider Report for Bloom Energy Corp (BE)

Role
EVP, Services, Quality and EHS
Signature
/s/ Shawn M. Soderberg, as attorney-in-fact
Stock symbol
BE
Transactions as of
Feb 15, 2023
Transactions value $
-$140,598
Form type
4
Date filed
2/17/2023, 06:14 PM
Previous filing
Jan 3, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BE Class A Common Stock Options Exercise $0 +1.94K +0.55% $0.00 356K Feb 15, 2023 Direct F1
transaction BE Class A Common Stock Options Exercise $0 +14.7K +4.12% $0.00 371K Feb 15, 2023 Direct
transaction BE Class A Common Stock Award $0 +34.6K +9.32% $0.00 406K Feb 15, 2023 Direct F2
transaction BE Class A Common Stock Sale -$141K -5.96K -1.47% $23.61 400K Feb 16, 2023 Direct F3, 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 BE Restricted Stock Units Options Exercise $0 -1.94K -100% $0.00* 0 Feb 15, 2023 Class A Common Stock 1.94K Direct F5, F6
transaction BE Performance Stock Units Options Exercise $0 -14.7K -100% $0.00* 0 Feb 15, 2023 Class A Common Stock 14.7K Direct F7, F8
* 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 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. Vested shares will be delivered to the Reporting Person beginning on or about January 1, 2026 pursuant to the terms of the Bloom Energy Corporation 2021 Deferred Compensation Plan.
F3 Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units ("RSUs") effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F4 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $23.50 to $23.76. 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.
F5 Each RSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F6 The RSUs vest as to 25% of the shares on the one-year anniversary of February 15, 2019 and the remaining shares shall vest in equal quarterly increments from such one-year anniversary over the next three years, subject to the Reporting Person's continued service with the Issuer through each vesting date.
F7 Each PSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F8 On June 12, 2020, the Reporting Person was granted a PSU award for a target number of 30,000 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.