BE Insider Filing: Shawn Soderberg Exercises Options and Sells Shares on 08/28/2025

Rhea-AI Filing Summary

Insider transactions by Shawn M. Soderberg, Chief Legal Officer and Corporate Secretary of Bloom Energy Corp (BE). On 08/28/2025 Ms. Soderberg exercised 25,000 stock options with an exercise price of $30.89 and simultaneously sold 25,000 Class A shares at $52.00 per share. After these transactions she directly beneficially owns 225,949 Class A shares. In addition, 396,731 Class A shares are held indirectly by The Shawn M. Soderberg 2005 Trust, of which she is trustee. The exercised options are fully vested and the stock option shares underlying the exercise are reported as 25,000 shares.

Positive

• Options fully vested, indicating the exercisable right was available without future service contingencies
• Complete disclosure of exercise, sale, prices, and post-transaction beneficial ownership including trust holdings

Negative

• Executive sold 25,000 shares the same day as exercise, reducing direct holdings from the exercised shares
• No information on purpose of sale is provided in the filing (e.g., tax withholding, diversification)

Insights

Securities Analyst

TL;DR: Insider exercised vested options and sold shares the same day, leaving substantial direct and trust holdings.

The filing shows a routine exercise-and-sell transaction by an executive with fully vested options. The exercise price was $30.89 and the sale price $52.00, realizing a per-share spread of $21.11 on 25,000 shares. Post-transaction direct ownership is 225,949 shares with an additional 396,731 shares held in trust. This constitutes a significant beneficial position but the filing does not indicate any change in role or unusual timing beyond the single-day exercise and sale.

Corporate Governance Expert

TL;DR: Transaction appears compliant and disclosed; options noted as fully vested and trust ownership is documented.

The Form 4 documents proper SEC reporting of an officer transaction under Section 16. It identifies the reporting person, relationship to the issuer, transaction codes, prices, and post-transaction holdings. The filing also discloses indirect ownership via a named trust and includes a manual signature dated 08/29/2025. There are no additional governance actions or amendments disclosed in this filing.

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

OMB Number:			3235-0287
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hours per response:			0.5

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^*

SODERBERG SHAWN MARIE

(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)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		M		25,000	A	$30.89	250,949	D
Class A Common Stock	08/28/2025		S		25,000	D	$52	225,949	D
Class A Common Stock								396,731	I	By trust(1)

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	08/28/2025		M			25,000	(2)	01/13/2026	Class A Common Stock	25,000	$0.00	36,666	D

Explanation of Responses:

1. Held by The Shawn M. Soderberg 2005 Trust, of which the Reporting Person is the trustee.

2. These stock options are fully vested.

Remarks:

Chief Legal Officer and Corporate Secretary

	/s/ Shawn M. Soderberg	08/29/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Shawn M. Soderberg report on Form 4 for BE?

She exercised 25,000 stock options at $30.89 and sold 25,000 Class A shares at $52.00 on 08/28/2025.

How many BE shares does Shawn M. Soderberg beneficially own after the transactions?

Directly beneficially owns 225,949 Class A shares and indirectly owns 396,731 Class A shares via a trust.

Are the exercised stock options vested?

Yes. The filing states these stock options are fully vested.

What is the per-share gain between exercise and sale prices reported?

The difference is $21.11 per share ($52.00 sale price minus $30.89 exercise price) on 25,000 shares.

What role does Shawn M. Soderberg hold at Bloom Energy?

She is listed as Chief Legal Officer and Corporate Secretary and as an officer on the Form 4.