STOCK TITAN

Bloom Energy (BE) COO trades 2,837 shares in tax-related Rule 10b5-1 sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Bloom Energy Corp Chief Operations Officer Satish Chitoori reported an open-market sale of 2,837 shares of Common Stock on June 16, 2026. The shares were sold at a weighted average price of $289.11 per share, with individual trades ranging from $288.22 to $290.34.

According to the filing, the sale was made to cover tax withholding obligations incurred when restricted stock units settled and was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on November 28, 2025. After these transactions, Chitoori directly holds 207,417 shares of Bloom Energy common stock.

Positive

  • None.

Negative

  • None.

Insights

Routine, pre-planned tax-related sale with substantial holdings retained.

The filing shows Bloom Energy’s Chief Operations Officer, Satish Chitoori, sold 2,837 common shares at a weighted average of $289.11 on June 16, 2026. A key detail is that the sale was explicitly to cover tax withholding tied to restricted stock unit settlement.

The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 28, 2025, indicating it was scheduled in advance rather than timed opportunistically. Following the sale, the officer still directly holds 207,417 shares, suggesting the disposition represents a small portion of his overall equity exposure.

For investors, this looks like a compensation- and tax-driven event rather than a strong sentiment signal. Subsequent company filings may provide additional context if further transactions occur under the same Rule 10b5-1 plan.

Insider Chitoori Satish
Role Chief Operations Officer
Sold 2,837 shs ($820K)
Type Security Shares Price Value
Sale Common Stock 2,837 $289.11 $820K
Holdings After Transaction: Common Stock — 207,417 shares (Direct, null)
Footnotes (1)
  1. 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. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $288.22 to $290.34. 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.
Shares sold 2,837 shares Open-market sale on June 16, 2026
Weighted average sale price $289.11 per share Common Stock sale on June 16, 2026
Post-transaction holdings 207,417 shares Shares directly held after sale
Sale price range $288.22–$290.34 per share Multiple transactions within this band
Trading plan adoption date November 28, 2025 Rule 10b5-1 plan governing the sale
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.
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.
weighted average sale price financial
"The price reported represents the weighted average sale price per share."
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Chitoori Satish

(Last)(First)(Middle)
4353 NORTH FIRST STREET

(Street)
SAN JOSE CALIFORNIA 95134

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Bloom Energy Corp [ BE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operations Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/16/2026S(1)2,837D$289.11(2)207,417D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $288.22 to $290.34. 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.
/s/ Shawn M. Soderberg, as attorney-in-fact06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Bloom Energy (BE) report for Satish Chitoori?

Bloom Energy reported that Chief Operations Officer Satish Chitoori sold 2,837 shares of Common Stock on June 16, 2026. The sale was executed at a weighted average price of $289.11 per share, as part of a pre-arranged Rule 10b5-1 trading plan.

Why did Bloom Energy COO Satish Chitoori sell 2,837 BE shares?

The filing states the sale of 2,837 shares was made to cover tax withholding obligations from the settlement of restricted stock units. This tax-related sale was carried out under a Rule 10b5-1 trading plan adopted by Satish Chitoori on November 28, 2025.

What price did Satish Chitoori receive for his Bloom Energy (BE) share sale?

The reported weighted average sale price was $289.11 per Bloom Energy share. The filing notes multiple transactions occurred within a price range from $288.22 to $290.34, and detailed trade breakdowns are available upon request to the reporting person.

How many Bloom Energy shares does Satish Chitoori hold after this Form 4 sale?

After selling 2,837 shares, Satish Chitoori directly holds 207,417 Bloom Energy common shares. This post-transaction holding, disclosed in the Form 4, indicates he retains a substantial equity position in the company following the tax-related sale.

Was Satish Chitoori’s Bloom Energy share sale under a Rule 10b5-1 plan?

Yes. The footnotes explain the sale to cover tax withholding was effected pursuant to a Rule 10b5-1 trading plan adopted on November 28, 2025. Such plans schedule trades in advance, reducing the significance of short-term timing decisions.

What does the price range in Satish Chitoori’s Bloom Energy sale mean?

The filing notes shares were sold in multiple transactions between $288.22 and $290.34 per share. The reported $289.11 figure is the weighted average sale price, and the reporting person can provide the exact shares sold at each price upon request.