Gregory D. Cameron - 15 Mar 2023 Form 4 Insider Report for Bloom Energy Corp (BE)

Role
President and Chief Financial Officer
Signature
/s/ Shawn M. Soderberg, as attorney-in-fact
Issuer symbol
BE
Transactions as of
15 Mar 2023
Net transactions value
-$1,103,610
Form type
4
Filing time
17 Mar 2023, 20:33:43 UTC
Previous filing
17 Feb 2023
Next filing
20 Jun 2024
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 +133,320 +59% $0.000000 360,217 15 Mar 2023 Direct
transaction BE Class A Common Stock Sale $1,103,610 -61,108 -17% $18.06 299,109 16 Mar 2023 Direct F1, F2

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 Performance Stock Units Options Exercise $0 -133,320 -100% $0.000000* 0 15 Mar 2023 Class A Common Stock 133,320 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sale of shares to cover tax withholding obligation incurred upon settlement of performance stock units ("PSUs").
F2 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.
F3 Each PSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F4 On June 9, 2020, the Reporting Person was granted a PSU award for a target number of 200,000 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 two times the target. The PSUs vest annually over three (3) years, with a third of the PSUs vesting on March 15, 2021, another third on March 15, 2022 and the remaining third on March 15, 2023, subject to Reporting Person remaining a service provider on each applicable vesting date.

Remarks:

President and Chief Financial Officer