Bloom Energy (NYSE: BE) COO sells 2,111 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloom Energy Corp Chief Operations Officer Satish Chitoori sold 2,111 shares of Class A common stock in an open-market transaction on May 14, 2026 at a weighted average price of $288.24 per share. According to the disclosure, the sale was made to cover tax withholding obligations arising from the settlement of restricted stock units and was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 28, 2025. After this sale, Chitoori directly holds 210,254 shares of Bloom Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,111 shares ($608,475)
Net Sell
1 txn
Insider
Chitoori Satish
Role
Chief Operations Officer
Sold
2,111 shs ($608K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,111 | $288.24 | $608K |
Holdings After Transaction:
Class A Common Stock — 210,254 shares (Direct, null)
Footnotes (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 $283.80 to $291.53. 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: 2,111 shares
Weighted average sale price: $288.24 per share
Sale price range: $283.80–$291.53 per share
+2 more
5 metrics
Shares sold
2,111 shares
Open-market sale on May 14, 2026
Weighted average sale price
$288.24 per share
Class A common stock sale
Sale price range
$283.80–$291.53 per share
Multiple transactions within this range
Shares held after transaction
210,254 shares
Direct ownership following sale
10b5-1 plan adoption date
November 28, 2025
Plan governing the May 14, 2026 sale
Key Terms
restricted stock units, Rule 10b5-1 trading plan, weighted average sale price
3 terms
restricted stock units financial
"tax withholding obligation incurred upon settlement of restricted stock units effected pursuant to a Rule 10b5-1"
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.
Rule 10b5-1 trading plan financial
"effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2025"
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.
weighted average sale price financial
"The price reported represents the weighted average sale price per share. The shares were sold"
FAQ
What insider transaction did Bloom Energy (BE) report for Satish Chitoori?
Bloom Energy reported that COO Satish Chitoori sold 2,111 shares of Class A common stock. The sale occurred on May 14, 2026 at a weighted average price of $288.24 per share, as disclosed in a Form 4 insider trading report.
At what price did Satish Chitoori sell Bloom Energy (BE) stock?
Satish Chitoori sold 2,111 Bloom Energy shares at a weighted average price of $288.24. The filing notes multiple trades within a range of $283.80 to $291.53 per share, and offers to provide exact breakdowns upon request to regulators or shareholders.
Was the Bloom Energy (BE) insider sale under a Rule 10b5-1 plan?
Yes. The Form 4 states that Satish Chitoori’s 2,111-share sale was effected under a Rule 10b5-1 trading plan. That plan was adopted on November 28, 2025, indicating the sale was pre-scheduled rather than an ad hoc market-timing decision.
What does the price range mean in the Bloom Energy (BE) Form 4 filing?
The Form 4 lists a weighted average sale price of $288.24, with trades executed between $283.80 and $291.53. This means the 2,111 shares were sold in multiple transactions within that range, and detailed trade-by-trade prices are available upon request.