KR Sridhar - Mar 15, 2023 Form 4 Insider Report for Bloom Energy Corp (BE)

Signature
/s/ Shawn M. Soderberg, as attorney-in-fact
Stock symbol
BE
Transactions as of
Mar 15, 2023
Transactions value $
-$3,210,356
Form type
4
Date filed
3/17/2023, 08:32 PM
Previous filing
Mar 7, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BE Class A Common Stock Award $0 +303K +56.22% $0.00 841K Mar 15, 2023 Direct F1
transaction BE Class A Common Stock Sale -$207K -11.5K -1.37% $18.02 829K Mar 16, 2023 Direct F2, F3
transaction BE Class A Common Stock Sale -$3M -166K -20.06% $18.06 663K Mar 16, 2023 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 12, 2021, the Reporting Person was granted a performance stock unit ("PSU") award for a target number of 600,000 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 for one-quarter of the shares as determined by the Compensation Committee on March 15, 2023, which resulted in a payout of 2.017 times the target. The PSUs vested immediately upon such determination by the Compensation Committee. As a condition to settlement of the PSUs, the Reporting Person has agreed to hold such shares (net of any sales to cover tax withholding obligation) until the earlier of March 15, 2025 and the Reporting Person's termination of service to the Issuer.
F2 Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $17.68 to $18.37. 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.
F4 Sale of shares to cover tax withholding obligation incurred upon settlement of PSUs.
F5 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $17.67 to $18.38. 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.