Swaminathan Venkataraman - Feb 15, 2022 Form 4 Insider Report for Bloom Energy Corp (BE)

Role: EVP of Engineering & CTO
Signature: /s/ Shawn M. Soderberg, as attorney-in-fact
Stock symbol: BE
Transactions as of: Feb 15, 2022
Transactions value $: -$270,239
Form type: 4
Date filed: 2/17/2022, 07:41 PM
Previous filing: Dec 20, 2021
Next filing: Mar 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BE	Class A Common Stock	Options Exercise	$0	+13K	+12.19%	$0.00	120K	Feb 15, 2022	Direct
transaction	BE	Class A Common Stock	Options Exercise	$0	+22.1K	+18.44%	$0.00	142K	Feb 15, 2022	Direct
transaction	BE	Class A Common Stock	Sale	-$270K	-13.8K	-9.71%	$19.64	128K	Feb 16, 2022	Direct	F1, F2
holding	BE	Class A Common Stock						36.6K	Feb 15, 2022	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	Restricted Stock Units	Options Exercise	$0	-13K	-33.33%	$0.00	26K	Feb 15, 2022	Class A Common Stock	13K		Direct	F4, F5
transaction	BE	Performance Stock Units	Options Exercise	$0	-22.1K	-50%	$0.00	22.1K	Feb 15, 2022	Class A Common Stock	22.1K		Direct	F6, F7
transaction	BE	Performance Stock Units	Award	$0	+19.5K		$0.00	19.5K	Feb 16, 2022	Class A Common Stock	19.5K		Direct	F6, F8

* 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 the restricted stock units ("RSUs") and performance-based stock units ("PSUs") effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2	The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $19.25 to $20.07. 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 Venkataraman Living Trust UTA dtd 6/8/2011, of which the Reporting Person is a trustee.
F4	Each RSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F5	This RSU award shall vest over three years, with a third of the RSUs vesting on the one-year anniversary of the vesting commencement date, which is February 15, 2021, and the remaining shares vesting quarterly in 1/12th installments over the next two years, subject to Reporting Person remaining a service provider on each applicable vesting date.
F6	Each PSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F7	On June 12, 2020, the Reporting Person was granted a PSU award for a target number of 45,000 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 February 11, 2021, which resulted in a payout of 1.47 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2021, another third on February 15, 2022 and the remaining third on February 15, 2023, subject to Reporting Person remaining a service provider on each applicable vesting date.
F8	On February 11, 2021, the Reporting Person was granted a PSU award for a target number of 25,985 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 shall 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.