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[Form 4] Terreno Realty Corporation Insider Trading Activity

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(Low)
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(Neutral)
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4
Rhea-AI Filing Summary

Morgan Stanley has filed a Schedule 13G disclosing beneficial ownership of 11,939,835 Class A shares of Bloom Energy Corp. (BE) as of 30 June 2025. The position equals 5.1 % of the outstanding class, crossing the 5 % reporting threshold that requires a 13G filing.

According to the cover page, Morgan Stanley exercises shared voting power over 3,382,578 shares and shared dispositive power over the full 11,939,835 shares; it reports no sole voting or dispositive authority. The firm is filing in its capacity as a holding company/control person ("HC, CO") under Rule 13d-1(b), indicating a passive investment rather than a control-seeking position.

No other entities or group members are identified, and there is no indication of additional transactions, changes of control, or intentions to influence management. The certification states the shares were acquired in the ordinary course of business.

Morgan Stanley ha presentato un modulo Schedule 13G dichiarando la proprietà effettiva di 11.939.835 azioni di Classe A di Bloom Energy Corp. (BE) al 30 giugno 2025. Questa posizione rappresenta il 5,1% della classe in circolazione, superando la soglia del 5% che richiede la presentazione del modulo 13G.

Secondo la pagina di copertina, Morgan Stanley esercita potere di voto condiviso su 3.382.578 azioni e potere dispositvo condiviso su tutte le 11.939.835 azioni; non detiene autorità esclusiva di voto o dispositiva. La società presenta la dichiarazione in qualità di holding company/persona di controllo (“HC, CO”) ai sensi della Regola 13d-1(b), indicando un investimento passivo e non una posizione di controllo.

Non sono identificati altri enti o membri del gruppo, né vi sono indicazioni di ulteriori transazioni, cambi di controllo o intenzioni di influenzare la gestione. La certificazione afferma che le azioni sono state acquisite nell’ordinaria attività commerciale.

Morgan Stanley ha presentado un Schedule 13G revelando la propiedad beneficiaria de 11.939.835 acciones Clase A de Bloom Energy Corp. (BE) al 30 de junio de 2025. La posición equivale al 5,1 % de la clase en circulación, superando el umbral del 5 % que requiere la presentación del formulario 13G.

Según la portada, Morgan Stanley ejerce poder de voto compartido sobre 3.382.578 acciones y poder dispositvo compartido sobre las 11.939.835 acciones completas; no reporta autoridad exclusiva de voto ni dispositiva. La firma presenta la declaración en calidad de holding company/persona de control (“HC, CO”) bajo la Regla 13d-1(b), indicando una inversión pasiva en lugar de una posición de control.

No se identifican otras entidades o miembros del grupo, ni hay indicios de transacciones adicionales, cambios de control o intenciones de influir en la gestión. La certificación indica que las acciones fueron adquiridas en el curso ordinario del negocio.

모건 스탠리는 2025년 6월 30일 기준으로 Bloom Energy Corp. (BE)11,939,835주 클래스 A 주식에 대한 실질 소유권을 공개하는 Schedule 13G를 제출했습니다. 이 지분은 전체 클래스의 5.1%에 해당하며, 5% 보고 기준을 초과하여 13G 제출이 요구됩니다.

표지에 따르면, 모건 스탠리는 3,382,578주에 대한 공동 의결권전체 11,939,835주에 대한 공동 처분권을 행사하며, 단독 의결권이나 처분권은 보고하지 않았습니다. 이 회사는 Rule 13d-1(b)에 따라 지주회사/통제인(“HC, CO”) 자격으로 제출했으며, 이는 통제권을 추구하는 위치가 아닌 수동적 투자임을 나타냅니다.

다른 법인이나 그룹 구성원은 식별되지 않았으며, 추가 거래, 지배권 변경 또는 경영진에 영향을 미치려는 의도는 없습니다. 인증서에는 주식이 정상적인 사업 과정에서 취득되었음이 명시되어 있습니다.

Morgan Stanley a déposé un Schedule 13G révélant une participation bénéficiaire de 11 939 835 actions de Classe A de Bloom Energy Corp. (BE) au 30 juin 2025. Cette position représente 5,1 % de la classe en circulation, dépassant le seuil de 5 % qui exige un dépôt 13G.

Selon la page de couverture, Morgan Stanley exerce un pouvoir de vote partagé sur 3 382 578 actions et un pouvoir discrétionnaire partagé sur l'intégralité des 11 939 835 actions ; elle ne détient aucune autorité exclusive de vote ou discrétionnaire. La société dépose en tant que société holding/personne de contrôle (« HC, CO ») conformément à la règle 13d-1(b), indiquant un investissement passif plutôt qu'une position de contrôle.

Aucune autre entité ou membre du groupe n'est identifié, et il n'y a aucune indication de transactions supplémentaires, de changements de contrôle ou d'intentions d'influencer la direction. La certification indique que les actions ont été acquises dans le cours normal des affaires.

Morgan Stanley hat eine Schedule 13G eingereicht, in der ein wirtschaftliches Eigentum von 11.939.835 Class A Aktien der Bloom Energy Corp. (BE) zum 30. Juni 2025 offengelegt wird. Die Position entspricht 5,1 % der ausstehenden Aktien dieser Klasse und überschreitet damit die 5-%-Meldegrenze, die eine 13G-Meldung erfordert.

Laut Titelseite übt Morgan Stanley gemeinsames Stimmrecht über 3.382.578 Aktien und gemeinsames Verfügungsrecht über alle 11.939.835 Aktien aus; es werden keine alleinigen Stimm- oder Verfügungsrechte gemeldet. Die Firma reicht die Meldung in ihrer Funktion als Holdinggesellschaft/Kontrollperson („HC, CO“) gemäß Regel 13d-1(b) ein, was auf eine passive Beteiligung und keine Kontrollabsicht hinweist.

Es werden keine weiteren Einheiten oder Gruppenmitglieder genannt, und es gibt keine Hinweise auf zusätzliche Transaktionen, Kontrollwechsel oder Absichten, das Management zu beeinflussen. Die Zertifizierung besagt, dass die Aktien im normalen Geschäftsverlauf erworben wurden.

Positive
  • Morgan Stanley’s 5.1 % ownership adds a well-known institutional investor to Bloom Energy’s shareholder base, potentially increasing liquidity and research coverage.
Negative
  • None.

Insights

TL;DR: Passive 5.1 % stake by Morgan Stanley—signals institutional interest but no control intent; impact modest.

The disclosure confirms Morgan Stanley now holds just above the 5 % threshold in BE, providing a datapoint on institutional sponsorship. The absence of sole voting power and the 13G (vs. 13D) format indicate a passive stance, limiting near-term governance implications. While added buy-side attention can broaden the shareholder base and support liquidity, it does not directly alter Bloom Energy’s strategic trajectory. Overall impact on valuation should be limited unless further accumulation or activism emerges.

TL;DR: Filing is routine compliance; governance risk unchanged.

The 13G shows a traditional holding-company filing classification (HC, CO) with shared, not sole, control rights. No subsidiaries are named, no group activity is declared, and the signatory certifies ordinary-course ownership. Therefore, stewardship or activist pressure on Bloom Energy’s board is unlikely from this position alone. Investors should simply note the updated ownership register.

Morgan Stanley ha presentato un modulo Schedule 13G dichiarando la proprietà effettiva di 11.939.835 azioni di Classe A di Bloom Energy Corp. (BE) al 30 giugno 2025. Questa posizione rappresenta il 5,1% della classe in circolazione, superando la soglia del 5% che richiede la presentazione del modulo 13G.

Secondo la pagina di copertina, Morgan Stanley esercita potere di voto condiviso su 3.382.578 azioni e potere dispositvo condiviso su tutte le 11.939.835 azioni; non detiene autorità esclusiva di voto o dispositiva. La società presenta la dichiarazione in qualità di holding company/persona di controllo (“HC, CO”) ai sensi della Regola 13d-1(b), indicando un investimento passivo e non una posizione di controllo.

Non sono identificati altri enti o membri del gruppo, né vi sono indicazioni di ulteriori transazioni, cambi di controllo o intenzioni di influenzare la gestione. La certificazione afferma che le azioni sono state acquisite nell’ordinaria attività commerciale.

Morgan Stanley ha presentado un Schedule 13G revelando la propiedad beneficiaria de 11.939.835 acciones Clase A de Bloom Energy Corp. (BE) al 30 de junio de 2025. La posición equivale al 5,1 % de la clase en circulación, superando el umbral del 5 % que requiere la presentación del formulario 13G.

Según la portada, Morgan Stanley ejerce poder de voto compartido sobre 3.382.578 acciones y poder dispositvo compartido sobre las 11.939.835 acciones completas; no reporta autoridad exclusiva de voto ni dispositiva. La firma presenta la declaración en calidad de holding company/persona de control (“HC, CO”) bajo la Regla 13d-1(b), indicando una inversión pasiva en lugar de una posición de control.

No se identifican otras entidades o miembros del grupo, ni hay indicios de transacciones adicionales, cambios de control o intenciones de influir en la gestión. La certificación indica que las acciones fueron adquiridas en el curso ordinario del negocio.

모건 스탠리는 2025년 6월 30일 기준으로 Bloom Energy Corp. (BE)11,939,835주 클래스 A 주식에 대한 실질 소유권을 공개하는 Schedule 13G를 제출했습니다. 이 지분은 전체 클래스의 5.1%에 해당하며, 5% 보고 기준을 초과하여 13G 제출이 요구됩니다.

표지에 따르면, 모건 스탠리는 3,382,578주에 대한 공동 의결권전체 11,939,835주에 대한 공동 처분권을 행사하며, 단독 의결권이나 처분권은 보고하지 않았습니다. 이 회사는 Rule 13d-1(b)에 따라 지주회사/통제인(“HC, CO”) 자격으로 제출했으며, 이는 통제권을 추구하는 위치가 아닌 수동적 투자임을 나타냅니다.

다른 법인이나 그룹 구성원은 식별되지 않았으며, 추가 거래, 지배권 변경 또는 경영진에 영향을 미치려는 의도는 없습니다. 인증서에는 주식이 정상적인 사업 과정에서 취득되었음이 명시되어 있습니다.

Morgan Stanley a déposé un Schedule 13G révélant une participation bénéficiaire de 11 939 835 actions de Classe A de Bloom Energy Corp. (BE) au 30 juin 2025. Cette position représente 5,1 % de la classe en circulation, dépassant le seuil de 5 % qui exige un dépôt 13G.

Selon la page de couverture, Morgan Stanley exerce un pouvoir de vote partagé sur 3 382 578 actions et un pouvoir discrétionnaire partagé sur l'intégralité des 11 939 835 actions ; elle ne détient aucune autorité exclusive de vote ou discrétionnaire. La société dépose en tant que société holding/personne de contrôle (« HC, CO ») conformément à la règle 13d-1(b), indiquant un investissement passif plutôt qu'une position de contrôle.

Aucune autre entité ou membre du groupe n'est identifié, et il n'y a aucune indication de transactions supplémentaires, de changements de contrôle ou d'intentions d'influencer la direction. La certification indique que les actions ont été acquises dans le cours normal des affaires.

Morgan Stanley hat eine Schedule 13G eingereicht, in der ein wirtschaftliches Eigentum von 11.939.835 Class A Aktien der Bloom Energy Corp. (BE) zum 30. Juni 2025 offengelegt wird. Die Position entspricht 5,1 % der ausstehenden Aktien dieser Klasse und überschreitet damit die 5-%-Meldegrenze, die eine 13G-Meldung erfordert.

Laut Titelseite übt Morgan Stanley gemeinsames Stimmrecht über 3.382.578 Aktien und gemeinsames Verfügungsrecht über alle 11.939.835 Aktien aus; es werden keine alleinigen Stimm- oder Verfügungsrechte gemeldet. Die Firma reicht die Meldung in ihrer Funktion als Holdinggesellschaft/Kontrollperson („HC, CO“) gemäß Regel 13d-1(b) ein, was auf eine passive Beteiligung und keine Kontrollabsicht hinweist.

Es werden keine weiteren Einheiten oder Gruppenmitglieder genannt, und es gibt keine Hinweise auf zusätzliche Transaktionen, Kontrollwechsel oder Absichten, das Management zu beeinflussen. Die Zertifizierung besagt, dass die Aktien im normalen Geschäftsverlauf erworben wurden.

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*
BAIRD W BLAKE

(Last) (First) (Middle)
10500 NE 8TH STREET, SUITE 1910

(Street)
BELLEVUE WA 98004

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Terreno Realty Corp [ TRNO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CHAIRMAN AND CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025
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
Common Stock, $0.01 par value per share 08/05/2025 A 28,840(1) A $0 673,340 D
Common Stock, $0.01 par value per share 174,940 I Rabbi Trust
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. Represents shares of restricted stock granted to the Reporting Person that will fully vest on August 1, 2030
Remarks:
/S/ W. Blake Baird 08/07/2025
** 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

How many Bloom Energy (BE) shares does Morgan Stanley own?

11,939,835 Class A shares, according to the Schedule 13G.

What percentage of Bloom Energy’s outstanding shares does this represent?

The filing states the stake equals 5.1 % of the Class A common stock.

Does Morgan Stanley have sole voting power over the shares?

No. It reports 0 sole voting/dispositive power and only shared authority.

Is Morgan Stanley seeking control of Bloom Energy?

The 13G (rather than 13D) filing and certification indicate a passive investment with no intent to influence control.

Why was the Schedule 13G filed?

Crossing the 5 % ownership threshold on 30 June 2025 triggered the reporting requirement under SEC Rule 13d-1(b).
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