KR Sridhar - Dec 31, 2023 Form 4 Insider Report for Bloom Energy Corp (BE)

Signature
/s/ Shawn M. Soderberg, as attorney-in-fact
Stock symbol
BE
Transactions as of
Dec 31, 2023
Transactions value $
-$494,266
Form type
4
Date filed
3/22/2024, 06:31 PM
Previous filing
Jun 16, 2023
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BE Class A Common Stock Award $0 +101K +3.83% $0.00 2.75M Mar 15, 2024 Direct F1, F2
transaction BE Class A Common Stock Sale -$494K -50.7K -1.84% $9.74 2.7M Mar 18, 2024 Direct F3, F4
holding BE Class A Common Stock 72.1K Dec 31, 2023 By trusts F2, F5, F6
holding BE Class A Common Stock 537K Dec 31, 2023 By trusts F2, F5, F7
holding BE Class A Common Stock 503K Dec 31, 2023 By trusts F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 12, 2021, the Reporting Person was granted a performance stock unit ("PSU") award for a target number of 600,000 shares of the Issuer's Class A Common Stock, par value $0.0001 per share (the "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 for one-quarter of the shares as determined by the Compensation Committee on March 15, 2024, which resulted in a payout of 0.6763 times the target. The PSUs vested immediately upon such determination by the Compensation Committee. As a condition to settlement of the PSUs, the Reporting Person has agreed to hold such shares (net of any sales to cover tax withholding obligation) until the earlier of March 15, 2026 and the Reporting Person's termination of service to the Issuer.
F2 Includes shares of Class A Common Stock received upon the automatic conversion of the Issuer's Class B Common Stock, par value $0.0001 per share (the "Class B Common Stock") pursuant to the Issuer's Restated Certificate of Incorporation.
F3 Sale of shares to cover tax withholding obligation incurred upon settlement of PSUs effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F4 The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $9.69 to $9.84. 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 Reflects a transaction in which a GRAT for which the Reporting Person is a trustee transferred shares of Class A Common Stock to a trust for the benefit of the Reporting Person's children sharing the Reporting Person's household in connection with the termination of the GRAT pursuant to its terms. This transaction did not change the number of shares of Class A Common Stock indirectly beneficially owned by the Reporting Person.
F6 Held by GRATs for which the Reporting Person is a trustee.
F7 Held by trusts for the benefit of the Reporting Person's children sharing the Reporting Person's household.
F8 Held by trusts for which the Reporting Person is a trustee.