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

Financial Analyst

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.

Corporate Governance Expert

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.

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

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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).

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^*

Sridhar KR

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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(1)	08/25/2025		M		60,000	A	$30.89	2,384,613(2)	D
Class A Common Stock	08/25/2025		S		60,000	D	$48.97(3)	2,324,613	D
Class A Common Stock	08/26/2025		M		60,000	A	$30.89	2,384,613	D
Class A Common Stock	08/26/2025		S		60,000	D	$49.98(4)	2,324,613	D
Class A Common Stock	08/27/2025		M		60,000	A	$30.89	2,384,613	D
Class A Common Stock	08/27/2025		S		60,000	D	$49.7(5)	2,368,951(6)	D
Class A Common Stock	08/28/2025		M		39,000	A	$30.89	2,407,951	D
Class A Common Stock	08/28/2025		S		39,000	D	$53.79(7)	2,368,951	D
Class A Common Stock	08/29/2025		M		47,667	A	$30.89	2,416,618	D
Class A Common Stock	08/29/2025		S		37,955	D	$53.39(8)	2,378,663	D
Class A Common Stock								1,155,662(2)(6)	I	By trusts
Class A Common Stock								584,448	I	By trusts
Class A Common Stock								503,052	I	By trusts

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
Stock Option (right to buy)	$30.89	08/25/2025		M			60,000	(9)	09/10/2025	Class A Common Stock	60,000	$0.00	206,667	D
Stock Option (right to buy)	$30.89	08/26/2025		M			60,000	(9)	09/10/2025	Class A Common Stock	60,000	$0.00	146,667	D
Stock Option (right to buy)	$30.89	08/27/2025		M			60,000	(9)	09/10/2025	Class A Common Stock	60,000	$0.00	86,667	D
Stock Option (right to buy)	$30.89	08/28/2025		M			39,000	(9)	09/10/2025	Class A Common Stock	39,000	$0.00	47,667	D
Stock Option (right to buy)	$30.89	08/29/2025		M			47,667	(9)	09/10/2025	Class A Common Stock	47,667	$0.00	0	D

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. The stock option is fully vested.

	/s/ Shawn M. Soderberg, as attorney-in-fact	08/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What transactions did Bloom Energy CEO Sridhar KR report on Form 4 (BE)?

The CEO reported multiple exercises of fully vested options at a $30.89 exercise price and concurrent open-market sales between 08/25/2025 and 08/29/2025.

How many shares were transferred to trusts and did that change beneficial ownership?

The filing discloses a transfer of 400,000 shares to Grantor Retained Annuity Trusts (GRATs) and states this transfer did not change the total number of shares beneficially owned.

What were the weighted-average sale prices reported for the sales?

Weighted-average sale prices reported by date include $48.97, $49.98, $49.70, $53.79 and $53.39, with sale price ranges provided in the explanations.

Are the exercised options expiring soon and were they vested?

Yes. The options were described as granted approximately 10 years ago, fully vested, and would expire on 09/10/2025 if not exercised.

What is the reporting person's beneficial ownership after these transactions?

The filing shows beneficial ownership following reported transactions ranging approximately between 2,324,613 and 2,416,618 Class A shares across the reported dates, with aggregated indirect holdings noted.