BE insider: Sridhar KR exercises vested options and reports multiple sales at $49–$54 averages
Rhea-AI Filing Summary
Sridhar KR, Chairman & CEO of Bloom Energy Corp (BE), reported a series of option exercises and related open-market sales between 08/25/2025 and 08/29/2025. He exercised multiple fully vested stock options with a $30.89 exercise price (options granted ~10 years ago, expiring 09/10/2025) to acquire aggregate Class A shares in tranches (60,000; 60,000; 60,000; 39,000; 47,667). Corresponding sales were made on the same dates at weighted-average prices ranging from $48.97 to $53.79, with the filing listing specific weighted averages per date. The filing also discloses a transfer of 400,000 shares to Grantor Retained Annuity Trusts (GRATs) that did not change total beneficial ownership and receipt of 44,338 shares as annuity payments from those GRATs. Reported beneficial holdings after transactions are in the ~2.32–2.41 million share range.
Positive
- Fully vested stock options exercised at a known exercise price of $30.89 with documented exercisable and expiration dates
- Transfer of 400,000 shares to GRATs is disclosed and stated not to change total beneficial ownership, showing transparency
- Detailed sale price ranges and weighted averages are provided for each selling tranche
Negative
- Aggregate open-market sales of exercised shares across multiple days reduced direct holdings on reported dates
- Substantial insider sales occurred shortly before option expiration, which investors may view as material liquidity activity
Insights
TL;DR: Routine option exercises followed by sales ahead of option expiration; disclosed transfers to trusts did not reduce beneficial ownership.
The reporting shows the CEO exercised fully vested options at a $30.89 strike and sold the resulting shares across five trading days at weighted-average prices between $48.97 and $53.79. The exercises were last-minute relative to option expiry (09/10/2025) and produced net share disposals on the open market. The transfer of 400,000 shares to GRATs and receipt of 44,338 shares as annuity payments are administrative wealth-planning actions documented as not changing total beneficial ownership. For investors, these are material insider transactions to monitor but represent routine executive liquidity and estate planning rather than an operational disclosure.
TL;DR: Transactions are documented consistently with Section 16 reporting; option vesting, exercise, sales and trust transfers are disclosed.
The Form 4 provides clear itemization of exercises, sales, exercise price ($30.89), and sale weighted averages and ranges. The filing confirms the stock options were fully vested and exercised within the issuer's open trading window prior to expiration, and it documents transfers to GRATs for which the reporting person is trustee. From a governance perspective, disclosures appear complete and include explanatory notes to support compliance with SEC reporting requirements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 47,667 | $0.00 | -- |
| Exercise | Class A Common Stock | 47,667 | $30.89 | $1.47M |
| Sale | Class A Common Stock | 37,955 | $53.39 | $2.03M |
| Exercise | Stock Option (right to buy) | 39,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 39,000 | $30.89 | $1.20M |
| Sale | Class A Common Stock | 39,000 | $53.79 | $2.10M |
| Exercise | Stock Option (right to buy) | 60,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 60,000 | $30.89 | $1.85M |
| Sale | Class A Common Stock | 60,000 | $49.70 | $2.98M |
| Exercise | Stock Option (right to buy) | 60,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 60,000 | $30.89 | $1.85M |
| Sale | Class A Common Stock | 60,000 | $49.98 | $3.00M |
| Exercise | Stock Option (right to buy) | 60,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 60,000 | $30.89 | $1.85M |
| Sale | Class A Common Stock | 60,000 | $48.97 | $2.94M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- This Form 4 reports the exercise of an employee stock option by the Reporting Person that was granted approximately 10 years ago and that would otherwise expire on September 10, 2025 if not exercised during the Issuer's open trading window for insiders prior to such expiration. Reflects the transfer of 400,000 shares from the Reporting Person's direct holdings to Grantor Retained Annuity Trusts ("GRATs") for which the Reporting Person is a trustee. The transfer did not change the total number of shares of Class A Common Stock beneficially owned by the Reporting Person. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $48.52 to $49.48. 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. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $49.44 to $50.40. 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. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $49.26 to $50.24. 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. Reflects receipt of annuity payments representing an aggregate of 44,338 shares by the Reporting Person from certain GRATs for which the Reporting Person is a trustee. The annuity payments did not change the total number of shares of Class A Common Stock beneficially owned by the Reporting Person. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $52.79 to $54.29. 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. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $53.07 to $53.70. 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. The stock option is fully vested.
