Bloom Energy (NYSE: BE) COO covers taxes with 18,964-share stock sale

Rhea-AI Filing Summary

Bloom Energy Corp Chief Operations Officer Satish Chitoori reported equity compensation vesting and related tax sales of Class A common stock. On March 15, 2026, he received 5,903 shares from a performance-based stock unit award that paid out at 59% of a 10,000-share target granted on March 16, 2023.

On March 16, 2026, he sold a total of 18,964 shares in open-market transactions at weighted average prices around the mid-$150s per share. Footnotes state these sales were solely to cover tax withholding obligations from the settlement of performance stock units and restricted stock units, with one sale executed under a Rule 10b5-1 trading plan adopted on November 28, 2025. After these transactions, he directly owns 232,365 shares of Class A common stock.

SEC Form 4

FORM 4

UNITED 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

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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 CA 95134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bloom Energy Corp [ BE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/15/2026		A(1)		5,903	A	$0	251,329	D
Class A Common Stock	03/16/2026		S(2)		3,042	D	$152.59(3)	248,287	D
Class A Common Stock	03/16/2026		S(4)		15,922	D	$154.81(5)	232,365	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On March 16, 2023, the Reporting Person was granted a performance-based stock units ("PSUs") award for a target number of 10,000 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person partially met the performance criteria as determined by the Compensation Committee on February 19, 2026, which resulted in a payout of 59% of the target. The PSUs fully vested at 59% of the target on March 15, 2026.

2. Sale of shares to cover tax withholding obligation incurred upon settlement of PSUs.

3. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $149.73 to $155.89. 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.

4. 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.

5. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $150.46 to $161.50. 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-fact	03/17/2026
	** Signature of Reporting Person	Date
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).
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FAQ

What insider transactions did Bloom Energy (BE) COO Satish Chitoori report?

Satish Chitoori reported one share award and two sales. He received 5,903 Bloom Energy Class A shares from a performance-based award, then sold a total of 18,964 shares in open-market transactions primarily to cover tax withholding obligations tied to PSU and RSU settlements.

How many Bloom Energy (BE) shares did the COO sell and at what prices?

The COO sold 18,964 Bloom Energy shares. One sale covered 3,042 shares at a weighted average price of $152.59, and another covered 15,922 shares at a weighted average price of $154.81, with actual trade prices ranging roughly from $149.73 to $161.50.

Why did Bloom Energy (BE) COO Satish Chitoori sell 18,964 shares?

The sales were made to cover tax withholding obligations. Footnotes explain the transactions satisfied taxes from the settlement of performance-based stock units and restricted stock units, rather than discretionary portfolio sales, aligning them with routine compensation-related tax payments instead of signaling a change in investment view.

What performance award vested for Bloom Energy (BE) COO Satish Chitoori?

A 2023 performance-based stock unit award partially vested. Granted March 16, 2023 for a 10,000-share target, it paid out at 59% after financial criteria were partially met, as determined February 19, 2026, resulting in 5,903 Class A shares vesting on March 15, 2026.

How many Bloom Energy (BE) shares does the COO hold after these transactions?

After these transactions, the COO directly holds 232,365 shares. This figure reflects his Class A common stock ownership following the March 15, 2026 performance-based award vesting and the March 16, 2026 sales that were executed to cover associated tax withholding obligations.

Were Bloom Energy (BE) COO share sales done under a Rule 10b5-1 plan?

Yes, one set of tax-cover sales used a Rule 10b5-1 plan. A footnote states that sales related to restricted stock unit tax withholding were effected under a Rule 10b5-1 trading plan adopted by Satish Chitoori on November 28, 2025, indicating pre-planned execution.