[144] Bloom Energy Corporation SEC Filing

Rhea-AI Filing Summary

Bloom Energy Corporation (BE) has filed a Form 144 indicating a planned disposition of 10,000,000 Class A common shares. The shares are to be sold through Morgan Stanley & Co. LLC on or about 07/10/2025 on the NYSE. Based on the stated aggregate market value of $287.1 million, the implied price per share is approximately $28.71.

The proposed sale represents roughly 4.3% of Bloom Energy’s 232,228,606 shares outstanding, making it a sizeable transaction that could create near-term supply pressure in the equity market. The filer attests that no undisclosed material adverse information is known and that all Rule 144 conditions are met.

No prior sales during the last three months are reported, and the shares were originally acquired directly from the issuer on 10/23/2021 for cash. Aside from the sale details, the filing contains no financial performance metrics or strategic commentary.

Positive

• None.

Negative

• Sizeable share overhang: 10 million shares (~4.3% of outstanding) entering the market could depress price.
• Potential negative signal: Large insider sale may be interpreted as waning confidence, absent offsetting corporate actions.

Insights

Securities Analyst

TL;DR: 10 M-share insider sale (~4.3% outstanding) could weigh on BE short-term sentiment.

The Form 144 discloses a large pending sale valued at $287.1 million. Rule 144 filings often precede actual sales, signalling potential share overhang. With Bloom Energy’s average daily trading volume, unloading 10 million shares may pressure pricing unless executed via block trades or an orderly plan. The lack of other recent dispositions suggests this is a new liquidity event rather than ongoing selling. Investors should monitor subsequent Form 4s/13Ds to confirm execution details and any impact on free float.

Corporate Governance Expert

TL;DR: Large insider exit raises governance and signaling questions for Bloom Energy shareholders.

While Rule 144 ensures transparency, a disposal of 4%+ of outstanding equity by an affiliated holder can be interpreted as reduced insider confidence or a need for liquidity. The filer certifies no undisclosed adverse information, but timing ahead of July 2025 invites scrutiny of upcoming lock-ups, compensation vesting, or succession planning. From a governance lens, boards typically mitigate perception risk by coordinating buybacks or detailed communication—no such measures are mentioned here.

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	10000000	287100000.00	232228606	07/10/2025	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	10/23/2021	Securities Purchase	Issuer - Original Issuance			10000000	10/23/2021	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

Nothing to Report

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

How many Bloom Energy (BE) shares are being sold under this Form 144?

The notice covers 10,000,000 Class A common shares.

What is the aggregate market value of the planned BE share sale?

The filing lists an aggregate market value of $287.1 million.

What percentage of Bloom Energy's outstanding shares does the sale represent?

The 10 million shares equate to roughly 4.3% of the 232,228,606 shares outstanding.

When is the approximate date of the proposed sale?

The sale is slated for 07/10/2025.

Which broker and exchange are involved in the transaction?

Morgan Stanley & Co. LLC will execute the sale on the NYSE.