Shawn M. Soderberg - 27 Jul 2023 Form 4 Insider Report for Bloom Energy Corp (BE)

Role
EVP, GC & Secretary
Signature
/s/ Shawn M. Soderberg
Issuer symbol
BE
Transactions as of
27 Jul 2023
Net transactions value
-$23,413
Form type
4
Filing time
17 Oct 2023, 19:30:09 UTC
Previous filing
18 Jul 2023
Next filing
17 Aug 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 +4,118 +5.2% $0.000000 82,647 15 Oct 2023 Direct
transaction BE Class A Common Stock Sale $23,413 -1,996 -2.4% $11.73 80,651 16 Oct 2023 Direct F1, F2
holding BE Class A Common Stock 393,102 27 Jul 2023 By trust F3

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 Stock Option (Right to Buy Class B Common Stock) Other $0 -20,000 -100% $0.000000* 0 23 Jul 2023 Class B Common Stock 20,000 $30.96 Direct F4, F5
transaction BE Stock Option (Right to Buy) Other $0 +20,000 $0.000000 20,000 26 Jul 2023 Class A Common Stock 20,000 $30.96 Direct F4, F5
transaction BE Stock Option (Right to Buy Class B Common Stock) Other $0 -106,666 -100% $0.000000* 0 27 Jul 2023 Class B Common Stock 106,666 $30.89 Direct F4, F5
transaction BE Stock Option (Right to Buy) Other $0 +106,666 $0.000000 106,666 27 Jul 2023 Class A Common Stock 106,666 $30.89 Direct F4, F5
transaction BE Stock Option (Right to Buy Class B Common Stock) Other $0 -20,000 -100% $0.000000* 0 27 Jul 2023 Class B Common Stock 20,000 $15.00 Direct F4, F5
transaction BE Stock Option (Right to Buy) Other $0 +20,000 $0.000000 20,000 27 Jul 2023 Class A Common Stock 20,000 $15.00 Direct F4, F5
transaction BE Restricted Stock Units Options Exercise $0 -4,118 -17% $0.000000 20,589 15 Oct 2023 Class A Common Stock 4,118 Direct F6, F7
* 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 ("RSUs") effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 24, 2023.
F2 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $11.65 to $11.78. 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 Held by The Shawn M. Soderberg 2005 Trust, of which the Reporting Person is the trustee.
F4 Effective as of immediately prior to the close of business on July 27, 2023, each share of the Issuer's Class B Common Stock, par value $0.0001 per share (the "Class B Common Stock"), automatically converted into one share of the Issuer's Class A Common Stock, par value $0.0001 per share (the "Class A Common Stock"), pursuant to the Issuer's Restated Certificate of Incorporation. In connection with the foregoing, the outstanding options to purchase shares of Class B Common Stock remain unchanged, except that the underlying shares now represent Class A Common Stock.
F5 These options are fully vested.
F6 Each RSU represents a contingent right to receive one share of the Class A Common Stock of the Issuer upon settlement.
F7 The RSUs vest as to one-third of the shares on the one-year anniversary of the vesting commencement date, which is January 15, 2022, and 1/12th quarterly thereafter, subject to the Reporting Person's continued service to the Issuer through each applicable vesting date.