KR Sridhar - May 10, 2021 Form 4 Insider Report for Bloom Energy Corp (BE)

Role: President & CEO, Director
Signature: /s/ Shawn M. Soderberg, as attorney-in-fact
Stock symbol: BE
Transactions as of: May 10, 2021
Transactions value $: -$4,891,334
Form type: 4
Date filed: 5/12/2021, 07:52 PM
Next filing: May 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BE	Class A Common Stock	Conversion of derivative security	$0	+233K	+49.17%	$0.00	708K	May 10, 2021	Direct	F1
transaction	BE	Class A Common Stock	Sale	-$4.89M	-233K	-32.96%	$20.96	475K	May 10, 2021	Direct	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	Stock Option (Right to Buy Class B Common Stock)	Options Exercise	$0	-233K	-100%	$0.00^*	0	May 10, 2021	Class B Common Stock	233K	$20.55	Direct	F3
transaction	BE	Class B Common Stock	Options Exercise	$0	+233K	+15.6%	$0.00	1.73M	May 10, 2021	Class A Common Stock	233K		Direct	F4
transaction	BE	Class B Common Stock	Conversion of derivative security	$0	-233K	-13.49%	$0.00	1.5M	May 10, 2021	Class A Common Stock	233K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Conversion of derivative security in accordance with its terms.
F2	The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $20.60 to $22.40. 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	The option is fully vested.
F4	The Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis (a) at the option of the holder; or (b) upon any transfer except certain permitted transfers. All the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock upon the date that is the earliest to occur of (i) immediately prior to the close of business on the 5th anniversary of July 27, 2018, (ii) immediately prior to the close of business on the date on which the outstanding shares of Class B Common Stock represent less than 5% of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding, (iii) the date and time, or the occurrence of an event, specified in a written conversion election delivered by KR Sridhar to the Secretary or Chairman of the Board of the Issuer to so convert all shares of Class B Common Stock, or (iv) immediately following the date of the death of KR Sridhar.