[144] Bloom Energy Corporation SEC Filing

Rhea-AI Filing Summary

Bloom Energy Corporation filed a Form 144 reporting a proposed sale of 2,608,000 shares of Class A common stock through Morgan Stanley with an aggregate market value of $107,580,000. Those shares represent approximately 1.12% of the issuer's 233,997,970 outstanding shares, with an approximate sale date of 08/14/2025.

The filing shows the shares were acquired on 09/23/2023 via conversion of Series B redeemable convertible preferred stock, noting 13,491,701 shares issued on conversion. It also discloses that SK ecoplant Co., Ltd. sold 10,000,000 Class A shares on 07/10/2025 for gross proceeds of $276,000,000. The notice includes the seller's certification that no undisclosed material adverse information is known.

Positive

• None.

Negative

• Proposed sale of 2,608,000 shares represents about 1.12% of outstanding shares, which could add selling pressure when executed
• Recent sale disclosed of 10,000,000 shares on 07/10/2025 for $276,000,000 represented roughly 4.27% of outstanding shares in the past three months

Insights

Securities Analyst

TL;DR Form 144 shows a modest planned sale and a recent large disposition; sizes are notable but not clearly material to company valuation.

The filing discloses a proposed 2,608,000-share sale (aggregate $107.58M) and a prior sale of 10,000,000 shares ($276M). The planned sale equals roughly 1.12% of outstanding shares and the July sale about 4.27%. Both transactions are disclosed under Rule 144 and identify the broker for the proposed sale, which supports orderly market execution. There is no additional financial performance data in the filing to assess broader valuation impact.

Corporate Governance Expert

TL;DR Disclosure identifies the conversion source of shares and recent large sale, showing procedural transparency but no governance red flags in this notice.

The filer documents that the shares were acquired by conversion of Series B redeemable convertible preferred stock, specifying 13,491,701 shares issued on conversion and the payment nature. The filing includes the standard representation that no undisclosed material adverse information exists. There are no statements here about related-party considerations or trading plans, so governance implications are limited to routine disclosure.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Morgan Stanley & Co. LLC 1585 Broadway New York NY 10036	2608000	107580000.00	233997970	08/14/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	09/23/2023	Conversion of Series B Redeemable Convertible Preferred Stock issued as of 03/23/2023	Issuer- original issuance of Class A Common Stock upon conversion of Series B			13491701	03/23/2023	Surrender of Series B Redeemable Convertible Preferred Stock paid via cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
SK ecoplant Co., Ltd. 19 Yulgok-ro 2-gil Jongno-gu Seoul M5 03149	Class A Common Stock	07/10/2025	10000000	276000000.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did Bloom Energy (BE) disclose in this Form 144?

The filing reports a proposed sale of 2,608,000 Class A shares (aggregate $107,580,000) through Morgan Stanley and discloses a prior sale of 10,000,000 shares for $276,000,000.

How large is the proposed sale relative to Bloom Energy's outstanding shares?

The proposed sale of 2,608,000 shares is approximately 1.12% of the issuer's 233,997,970 outstanding shares.

When were the proposed and prior sales reported to occur?

The proposed sale shows an approximate date of 08/14/2025 and the prior sale occurred on 07/10/2025 per the filing.

How were the shares being sold originally acquired?

The filing states the shares were acquired on 09/23/2023 by conversion of Series B redeemable convertible preferred stock, with 13,491,701 shares issued on conversion.

Who executed the broker role for the planned sale?

The proposed sale lists Morgan Stanley & Co. LLC as the broker and provides its New York address.