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

Signature
/s/ Shawn M. Soderberg
Stock symbol
BE
Transactions as of
Mar 15, 2023
Transactions value $
-$117,308
Form type
4
Date filed
3/17/2023, 08:36 PM
Previous filing
Feb 23, 2023
Next filing
Apr 18, 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 +6.06K +1.32% $0.00 466K Mar 15, 2023 Direct
transaction BE Class A Common Stock Sale -$60.3K -3.35K -0.72% $18.03 463K Mar 16, 2023 Direct F1, F2
transaction BE Class A Common Stock Sale -$57K -3.16K -0.68% $18.06 460K Mar 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 Performance Stock Units Options Exercise $0 -6.06K -50% $0.00 6.06K Mar 15, 2023 Class A Common Stock 6.06K Direct F5, F6
* 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 restricted stock units effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $17.6761 to $18.35. 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 Sale of shares to cover tax withholding obligation incurred upon settlement of the performance-based stock units ("PSUs").
F4 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $17.69 to $18.33. 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 PSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F6 On February 16, 2022, the Reporting Person was granted a PSU award for a target number of 24,253 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person partially met the performance criteria as determined by the Compensation Committee on February 16, 2022, which resulted in a payout of 75% of the target. The PSUs vest annually over three (3) years, with a third of the PSUs vesting on March 15, 2022, another third on March 15, 2023 and the remaining third on March 15, 2024, subject to Reporting Person remaining a service provider on each applicable vesting date.