Qatar Holding LLC trims Fluence Energy (FLNC) stake with $60M share sale

Rhea-AI Filing Summary

Qatar Holding LLC, an entity ultimately owned by Qatar Investment Authority, completed an open-market sale of 2,867,172 shares of Fluence Energy, Inc. Class A common stock at $21.00 per share. The transaction totaled $60,210,612 in value.

After this sale, entities associated with Qatar Investment Authority continued to hold 11,801,103 shares of Class A common stock indirectly through Qatar Holding LLC, indicating a substantial remaining position despite the large block sale.

Insights

Equity capital markets analyst

Large open-market sale trims a sizable but still substantial position.

Qatar Holding LLC, ultimately owned by Qatar Investment Authority, sold 2,867,172 shares of Fluence Energy Class A stock at $21.00 per share, generating proceeds of about $60,210,612 in an open-market transaction.

The filing shows this as a straightforward open-market sale, not an option exercise or tax event, so it represents an active reduction in exposure. However, the entity still holds 11,801,103 shares following the transaction, which remains a significant stake in absolute terms.

Because the filing does not compare these holdings to total shares outstanding or prior positions, the overall impact on ownership structure and market float cannot be fully assessed from this information alone. The net effect visible here is a sizeable but partial position reduction by a large shareholder.

Insider Trade Summary

Net Seller: 2,867,172 shares ($60,210,612)

Net Sell 1 txn

Insider Qatar Investment Authority

Role null

Sold 2,867,172 shs ($60.21M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	2,867,172	$21.00	$60.21M

Holdings After Transaction: Class A Common Stock — 11,801,103 shares (Indirect, Held by Qatar Holding LLC)

Footnotes (1)

1. On May 15, 2026, Qatar Holding LLC sold shares of Class A Common Stock of the Issuer in an aggregate amount equal to $60,210,612 at $21.00 per share. Qatar Holding LLC is the direct holder of the securities reflected in this Form 4. Qatar Investment Authority is the ultimate parent of Qatar Holding LLC.

Key Figures

Shares sold: 2,867,172 shares Sale price: $21.00 per share Aggregate sale value: $60,210,612 +1 more

4 metrics

Shares sold 2,867,172 shares Open-market sale of Class A Common Stock on May 15, 2026

Sale price $21.00 per share Price per share for the reported open-market sale

Aggregate sale value $60,210,612 Total value of shares sold as stated in footnote

Shares held after transaction 11,801,103 shares Total indirect holdings following the sale

Key Terms

open-market sale, indirect ownership, ten percent owner, Class A Common Stock

4 terms

open-market sale financial

"transaction_action is described as an open-market sale of Class A Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"direct_or_indirect field shows indirect ownership held by Qatar Holding LLC"

ten percent owner financial

"reporting person is flagged as a ten percent owner of the issuer"

Class A Common Stock financial

"security_title identifies the security as Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 Insider Transactions: What Each Field Means →

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^*

Qatar Investment Authority

(Last) (First) (Middle)

OOREDOO TOWER (BUILDING 14)

AL DAFNA ST (ST 801), AL DAFNA (ZONE 61)

(Street)

DOHA 00000

(City) (State) (Zip)

QATAR

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fluence Energy, Inc. [ FLNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/15/2026(1)		S		2,867,172(1)	D	$21(1)	11,801,103(2)	I	Held by Qatar Holding LLC(2)

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. On May 15, 2026, Qatar Holding LLC sold shares of Class A Common Stock of the Issuer in an aggregate amount equal to $60,210,612 at $21.00 per share.

2. Qatar Holding LLC is the direct holder of the securities reflected in this Form 4. Qatar Investment Authority is the ultimate parent of Qatar Holding LLC.

	Qatar Investment Authorty; By: /s/ Mohammed Fahad Al Khulaifi Head of Compliance	05/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Qatar Holding LLC report in its Form 4 for Fluence Energy (FLNC)?

Qatar Holding LLC reported an open-market sale of Fluence Energy Class A shares. It sold 2,867,172 shares at $21.00 each, for total proceeds of $60,210,612, while remaining an indirect holder of a substantial share position.

How many Fluence Energy (FLNC) shares were sold and at what price?

The filing shows a sale of 2,867,172 shares of Fluence Energy Class A common stock. These shares were sold in the open market at $21.00 per share, resulting in an aggregate transaction value of $60,210,612 disclosed in the footnotes.

Who actually holds the Fluence Energy (FLNC) shares associated with Qatar Investment Authority?

The shares are held directly by Qatar Holding LLC, which is identified as the direct holder in the filing. Qatar Investment Authority is disclosed as the ultimate parent of Qatar Holding LLC, so its interest in Fluence Energy is indirect through this subsidiary entity.

How many Fluence Energy (FLNC) shares does Qatar Holding LLC hold after the sale?

After the reported transaction, Qatar Holding LLC’s indirect holdings in Fluence Energy total 11,801,103 Class A common shares. This figure, shown as total shares following the transaction, indicates that the entity retains a large remaining investment in the company.

Was the Fluence Energy (FLNC) transaction a market purchase or sale?

The Form 4 identifies the transaction code as “S,” meaning a sale in the open market or a private transaction. The normalized fields further describe it as an open-market sale, confirming that this was a disposition of existing shares rather than a new acquisition.

Does the Form 4 show any derivatives or option exercises for Fluence Energy (FLNC)?

No derivative transactions are listed in this Form 4. The derivative summary is empty, and the only reported activity is a non-derivative sale of Class A common stock, indicating no option exercises or conversions in this particular filing.