Form 4 for BE Bloom Energy Corp
Accepted 2023-02-17 00:00:00 ET · period of report 2023-02-15 · accession 0000899243-23-005534 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-17 | 2023-02-15+ | BE | Sridhar KR | COB, CEO, Dir | M - OptEx | $0.00 | +173.1K | 585.9K | +42% | $0 |
| DM | 2023-02-17 | 2023-02-16+ | BE | Sridhar KR | COB, CEO, Dir | S - Sale+OE | $23.06 | -34.6K | 601.9K | -5% | -$797.4K |
| DM | 2023-02-17 | 2023-02-15+ | BE | Sridhar KR | COB, CEO, Dir | M - OptEx | $0.00 | -173.1K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-02-16 | M | A | 50,608 | $0.00 | 636,460 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-02-16 | S | D | 7,487 | $23.61 | 628,973 | D | — | — | (F2) The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $23.37 to $23.85. 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 | Common | Class A Common Stock | 2023-02-17 | S | D | 27,088 | $22.91 | 601,885 | D | — | — | (F3) The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $22.76 to $23.07. 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. |
| 4 | Common | Class A Common Stock | 2023-02-15 | M | A | 122,499 | $0.00 | 585,852 | D | — | — | |
| 5 | Derivative | Performance Stock Units | 2023-02-15 | M | D | 122,499 | $0.00 | 0 | D | — · — to — | 122,499 Class A Common Stock | (F4) Each of the performance stock units ("PSUs") represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement. (F5) On July 2, 2020, the Reporting Person was granted a PSU award for a target number of 250,000 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 11, 2021, which resulted in a payout of 1.47 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSUs vesting on February 15, 2021, another third on February 15, 2022 and the remaining third on February 15, 2023, subject to Reporting Person remaining a service provider on each applicable vesting date. |
| 6 | Derivative | Restricted Stock Units | 2023-02-16 | M | D | 50,608 | $0.00 | 0 | D | — · — to — | 50,608 Class A Common Stock | (F6) Each RSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement. (F7) This RSU award vested in full on the one year anniversary of the grant date, which was February 16, 2022. |