BE Form 4: Officer sale of 400 shares to cover RSU taxes at ~$71
Rhea-AI Filing Summary
Bloom Energy Corp (BE) officer Chitoori Satish sold 400 shares of Class A common stock on 09/16/2025 at a weighted average price of $71.16 per share to cover tax withholding from the settlement of restricted stock units. After the sale, the reporting person beneficially owned 231,965 shares reported as direct ownership. The Form 4 was signed by an attorney-in-fact on 09/18/2025 and includes a note that the shares were sold in multiple transactions at prices ranging from $70.63 to $71.20.
Positive
- Disclosure compliance: The Form 4 reports the transaction and provides pricing details and an explanatory note.
- Transaction purpose disclosed: Sale was explicitly to cover tax withholding from settled restricted stock units.
Negative
- None.
Insights
Routine, non-material insider sale to meet tax obligations; disclosure is complete and precise.
The filing documents a small-scale disposition of 400 Class A shares by a named officer to satisfy tax withholding on settled restricted stock units. The weighted average sale price of $71.16 and the disclosed range ($70.63–$71.20) provide clear pricing context. The remaining beneficial ownership of 231,965 shares is stated, allowing investors to track insider stake changes. This appears to be administrative and not a strategic divestiture.
Disclosure aligns with Section 16 requirements; transaction appears procedural rather than signaling a change in insider conviction.
The Form 4 indicates timely reporting and specifies the sale was solely to cover tax withholding from RSU settlement, which is a common insider practice. The form includes the attorney-in-fact signature and an explanation of the multiple sale prices, addressing likely SEC staff follow-up. No indication of other derivative activity or change in officer status is present in the filing.