Sridhar KR 4
Research Summary
AI-generated summary
Bloom Energy (BE) CEO Sridhar KR Sells 200,000 Shares
What Happened
Sridhar KR, Chairman & CEO of Bloom Energy Corp (BE), reported the sale of 200,000 shares of Bloom Energy common stock on Feb 24, 2026. The shares were disposed at a weighted average price of $170.00 per share, generating approximately $34,000,000 in proceeds. The Form 4 lists the transaction as an open market or private sale (code S). The filing also notes receipt of 11,206 shares as annuity payments from certain GRATs for which Mr. Sridhar is a trustee; those annuity receipts did not change his total beneficial ownership.
Key Details
- Transaction date: Feb 24, 2026
- Report filed: Feb 26, 2026 (appears timely; Form 4 must generally be filed within 2 business days)
- Shares sold: 200,000
- Weighted average sale price: $170.00; sale price range: $170.00–$170.05 (per footnote)
- Total proceeds: ~$34,000,000
- Transaction type: Sale (open market or private sale), SEC code S
- Shares owned after transaction: Not specified in this Form 4
- Footnotes: F1 explains the weighted-average price and that per-price breakdown is available on SEC staff request; F2 notes 11,206 shares received as annuity payments from GRATs that did not affect beneficial ownership
- Exhibits/remarks: Exhibit 24.1 (Power of Attorney) included
Context
Sales by insiders can be routine (liquidity, diversification, tax planning) and do not by themselves indicate a change in the insider’s view of the company; purchases are generally more informative about bullish sentiment. The annuity receipt described is administrative and, according to the filing, did not alter the insider’s beneficial ownership. For a per-price breakdown of the multiple transactions that made up the weighted average, the SEC staff or others can request full details from the reporting person.
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