Shawn M. Soderberg - Mar 1, 2024 Form 4 Insider Report for Bloom Energy Corp (BE)

Signature
/s/ Shawn M. Soderberg
Stock symbol
BE
Transactions as of
Mar 1, 2024
Transactions value $
-$20,110
Form type
4
Date filed
3/19/2024, 08:51 PM
Previous filing
Feb 20, 2024
Next filing
Apr 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BE Class A Common Stock Award $0 +75K +101.43% $0.00 149K Mar 1, 2024 Direct F1
transaction BE Class A Common Stock Options Exercise $0 +6.06K +4.07% $0.00 155K Mar 15, 2024 Direct
transaction BE Class A Common Stock Sale -$20.1K -2.16K -1.39% $9.31 153K Mar 18, 2024 Direct F2, F3
holding BE Class A Common Stock 397K Mar 1, 2024 By trust 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 -100% $0.00* 0 Mar 15, 2024 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 Restricted stock units ("RSUs") granted under the Bloom Energy Corporation 2018 Equity Incentive Plan. 40% of the RSUs will vest on February 15, 2025, and the remaining will vest in equal quarterly installments for the following two years, subject to Reporting Person remaining a service provider on each applicable vesting date.
F2 Sale of shares to cover tax withholding obligation incurred upon settlement of performance stock units ("PSUs") effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 24, 2023.
F3 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $9.17 to $9.51. 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 Held by The Shawn M. Soderberg 2005 Trust, of which the Reporting Person is the trustee.
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.

Remarks:

Chief Legal Officer and Corporate Secretary