[Form 4] Bloom Energy Corporation Insider Trading Activity

Rhea-AI Filing Summary

Shawn M. Soderberg, Chief Legal Officer and Corporate Secretary of Bloom Energy Corp (BE), reported insider transactions on 08/13/2025 and 08/14/2025. She exercised fully vested stock options to acquire 45,000 Class A shares at an exercise price of $30.89 per share and immediately sold 45,000 shares at a weighted average price of $43.31. On 08/14/2025 she sold an additional 2,901 shares at a weighted average price of $43.44 and purchased 633 shares through the company ESPP. After these transactions she directly beneficially owned 227,414 Class A shares and indirectly owned 396,731 shares held in a trust for which she is trustee.

Positive

• Exercise of fully vested options (45,000 shares at $30.89) indicates realization of compensation rather than an unexplained exit
• Additional ESPP purchase of 633 shares on 08/14/2025 shows continued insider participation in equity ownership
• Substantial indirect ownership retained via The Shawn M. Soderberg 2005 Trust (396,731 shares) demonstrates ongoing alignment with shareholders

Negative

• Large immediate sale of 45,000 shares following exercise may be viewed as near-term monetization of equity
• Additional disposition of 2,901 shares to cover tax withholding reduced direct holdings to 227,414 shares

Insights

Securities Analyst

TL;DR: Insider exercised vested options, sold shares to cover tax withholding, and marginally increased ESPP holdings; overall neutral to investor outlook.

The reporting shows an option exercise of 45,000 shares at $30.89 followed by sales at a weighted average near $43.31, realizing immediate intrinsic value. The additional small ESPP purchase (633 shares) and trust-held position preserve longer-term exposure. Transactions appear routine: tax-related sales on RSU settlement and option monetization rather than a material change in control or ownership stake. No new material cash commitments or dilutive issuances are disclosed.

Corporate Governance Expert

TL;DR: Transactions are standard insider activity tied to compensation and tax obligations; governance signals are neutral.

The filing discloses clear reporting of option exercise, immediate disposition to cover obligations, and continued indirect ownership via a trust. The options were fully vested and the trustee relationship is documented, which supports transparency and alignment with disclosure rules. There is no indication of unusual timing or undisclosed arrangements in the form.

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).

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)
08/13/2025

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		M		45,000	A	$30.89	274,682	D
Class A Common Stock	08/13/2025		S		45,000	D	$43.31	229,682	D
Class A Common Stock	08/14/2025		S(1)		2,901	D	$43.44(2)	227,414(3)	D
Class A Common Stock								396,731	I	By trust(4)

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	08/13/2025		M			45,000	(5)	01/13/2026	Class A Common Stock	45,000	$0.00	61,666	D

Explanation of Responses:

1. Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units.

2. The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $43.05 to $43.80. 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.

3. Includes an aggregate of 633 shares acquired by the Reporting Person under the Issuer's Amended and Restated 2018 Employee Stock Purchase Plan on August 14, 2025.

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

5. These stock options are fully vested.

Remarks:

Chief Legal Officer and Corporate Secretary

	/s/ Shawn M. Soderberg	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 did Shawn M. Soderberg report on Form 4 for BE?

She exercised 45,000 vested stock options at $30.89 and sold 45,000 shares at a weighted average $43.31 on 08/13/2025, sold 2,901 shares on 08/14/2025 at a weighted average $43.44, and purchased 633 shares via the ESPP on 08/14/2025.

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

Direct beneficial ownership: 227,414 Class A shares; indirect ownership via trust: 396,731 Class A shares.

Why were some shares sold according to the filing?

The filing states sales were to cover tax withholding obligations incurred upon settlement of restricted stock units.

Were the exercised options vested and what were the terms?

The filing states the 45,000 stock options were fully vested with an exercise price of $30.89 and relate to Class A common stock.

What prices were the sold shares reported at?

The 45,000 shares on 08/13/2025 were sold at a weighted average $43.31; the 2,901 shares on 08/14/2025 were sold at a weighted average $43.44 (individual sales ranged $43.05 to $43.80).