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BE Insider Sales: COO Disposes 22,128 Shares to Cover Taxes Under 10b5-1

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Bloom Energy Corp (BE) insider sale disclosure. Chief Operations Officer Chitoori Satish reported two stock dispositions under a Rule 10b5-1 plan. On 08/13/2025 he sold 20,000 shares at $45 per share and reported holding 234,493 shares after that transaction. On 08/14/2025 he sold 2,128 shares at a weighted average price of $43.44 to cover tax withholding for settled restricted stock units, leaving 232,365 shares beneficially owned. The reporting reflects a 10b5-1 trading plan adopted March 14, 2025, and the Form 4 was signed via attorney-in-fact on 08/15/2025.

Positive

  • Sales executed under a Rule 10b5-1 plan, indicating pre-specified, compliant trading
  • Detailed disclosure of amounts and prices including weighted average price range and purpose (tax withholding)
  • Continued substantial ownership after transactions (232,365 shares)

Negative

  • Insider sold 22,128 shares in total, which some investors may view negatively despite being pre-planned

Insights

TL;DR: Insider sales of 22,128 BE shares under a pre-established 10b5-1 plan; routine disclosure with limited immediate financial impact.

The transactions total 22,128 shares sold across two days under a Rule 10b5-1 plan adopted March 14, 2025. One sale was a block of 20,000 shares at $45 and the other 2,128 shares at a weighted average $43.44 to satisfy tax withholding on RSU settlement. Post-sales ownership remained above 232,000 shares, indicating continued significant ownership. From a financial perspective these are scheduled dispositions rather than ad hoc sales, reducing signaling risk. There is no information here about company performance or material corporate events.

TL;DR: Disclosure demonstrates compliance with Section 16 and Rule 10b5-1; procedural transparency is maintained.

The Form 4 clearly identifies the reporting person as the COO and discloses that sales were effected pursuant to a Rule 10b5-1 trading plan and to cover tax withholding on RSUs. The filing includes the plan adoption date and weighted average sale price range disclosure. Signature by attorney-in-fact is noted. This filing meets standard governance and SEC reporting practices; no governance breach or unexplained insider activity is evident from the document alone.

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
Estimated average burden
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).
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)
08/13/2025
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 08/13/2025 S(1) 20,000 D $45 234,493 D
Class A Common Stock 08/14/2025 S(2) 2,128 D $43.44(3) 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. Sale of shares effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025 (the "Rule 10b5-1 Trading Plan").
2. Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units effected pursuant to the Rule 10b5-1 Trading Plan.
3. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $41.80 to $43.84. 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 08/15/2025
** 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 insider transactions did Bloom Energy (BE) report on Form 4?

The COO, Chitoori Satish, reported sales of 20,000 shares on 08/13/2025 at $45 and 2,128 shares on 08/14/2025 at a weighted average $43.44.

Were the sales by the Bloom Energy insider part of a trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025.

Why were 2,128 shares sold on 08/14/2025?

Those shares were sold to cover tax withholding obligations incurred upon settlement of restricted stock units, as disclosed in the Form 4.

How many shares did the reporting person own after the reported transactions?

The Form 4 shows beneficial ownership of 234,493 shares after the 08/13 sale and 232,365 shares after the 08/14 sale.

When was the Form 4 signed and filed?

The signature by attorney-in-fact is dated 08/15/2025 as shown on the filing.
Bloom Energy

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