Bloom Energy (NYSE: BE) COO share sale covers RSU taxes
Rhea-AI Filing Summary
Bloom Energy Corp (BE) reported that Chief Operations Officer Satish Chitoori sold 2,053 shares of common stock on August 14, 2026. The sale was made to cover a tax withholding obligation incurred upon settlement of restricted stock units and was effected pursuant to a Rule 10b5-1 trading plan adopted on November 28, 2025. After this transaction, Chitoori directly held 205,364 shares of Bloom Energy common stock. The reported $241.64 price represents a weighted average, with individual trades executed between $231.64 and $247.84 per share.
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Insider Trade Summary 10b5-1
Net Seller: 2,053 shares
Net Sell
1 txn
Insider
Chitoori Satish
Role
Chief Operations Officer
Sold
2,053 shs ($496K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 2,053 | $241.64 | $496K |
Holdings After Transaction:
Common Stock — 205,364 shares (Direct)
Footnotes (2)
- F1. Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2025.
- F2. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $231.64 to $247.84. 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.
Key Figures
Shares sold: 2,053 shares
Weighted average sale price: $241.64 per share
Price range of sales: $231.64 to $247.84 per share
+3 more
6 metrics
Shares sold
2,053 shares
Common stock sale by COO Satish Chitoori on August 14, 2026
Weighted average sale price
$241.64 per share
Average price for 2,053 Bloom Energy shares sold
Price range of sales
$231.64 to $247.84 per share
Range of prices for multiple sale transactions on August 14, 2026
Shares held after transaction
205,364 shares
Direct Bloom Energy holdings of Satish Chitoori following the sale
Shares sold to cover taxes
2,053 shares
Sale to cover tax withholding obligation on RSU settlement
10b5-1 plan adoption date
November 28, 2025
Date Chitoori adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, tax withholding obligation, restricted stock units, weighted average sale price per share
4 terms
Rule 10b5-1 trading plan regulatory
"effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax withholding obligation financial
"Sale of shares to cover tax withholding obligation incurred upon settlement"
restricted stock units financial
"tax withholding obligation incurred upon settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What insider transaction did Bloom Energy Corp (BE) report for Satish Chitoori?
Bloom Energy reported that COO Satish Chitoori sold 2,053 shares of common stock on August 14, 2026. The sale covered tax withholding from restricted stock unit settlement under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.