Sharelynn Faye Moore - 15 Mar 2023 Form 4 Insider Report for Bloom Energy Corp (BE)

Role
EVP, Chief Business Development and Marketing Officer
Signature
/s/ Shawn M. Soderberg, as attorney-in-fact
Issuer symbol
BE
Transactions as of
15 Mar 2023
Net transactions value
-$208,810
Form type
4
Filing time
17 Mar 2023, 20:38:38 UTC
Previous filing
23 Feb 2023
Next filing
18 Apr 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 +5,543 +3.7% $0.000000 154,970 15 Mar 2023 Direct
transaction BE Class A Common Stock Options Exercise $0 +16,666 +11% $0.000000 171,636 15 Mar 2023 Direct
transaction BE Class A Common Stock Sale $208,810 -11,562 -6.7% $18.06 160,074 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 -5,543 -50% $0.000000 5,544 15 Mar 2023 Class A Common Stock 5,543 Direct F3, F4
transaction BE Performance Stock Units Options Exercise $0 -16,666 -50% $0.000000 16,668 15 Mar 2023 Class A Common Stock 16,666 Direct F3, F5
* 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 $17.69 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 Each PSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F4 On February 16, 2022, the Reporting Person was granted a PSU award for a target number of 22,174 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.
F5 On April 16, 2021, the Reporting Person was granted a PSU award for a target number of 50,000 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 March 15, 2022, which resulted in a payout of 100% 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.

Remarks:

EVP, Chief Business Development and Marketing Officer