SODERBERG SHAWN MARIE 4

What Happened
Shawn M. Soderberg, Bloom Energy’s Chief Legal Officer and Corporate Secretary, sold a total of 45,244 Bloom Energy shares on Feb 25, 2026 for aggregate proceeds of $8,091,665. On the same day she exercised 20,000 stock options at $30.96 (cost $619,200) and was granted 12,421 restricted stock units (RSUs) under the company’s 2018 Equity Incentive Plan. The filing also reports a separate derivative conversion of 20,000 shares with $0 proceeds.

Key Details

• Transaction date: February 25, 2026; Form 4 filed Feb 27, 2026 (timely).
• Sales: 25,244 shares sold at a weighted average $177.93 (range $170.00–$180.00) for $4,491,665; 20,000 shares sold at $180.00 for $3,600,000. Total sales = $8,091,665. (Footnote F3: weighted avg; multiple prices.)
• Option exercise: 20,000 shares exercised at $30.96 for $619,200. Footnote F5 notes options are fully vested.
• Award: 12,421 RSUs granted under the 2018 Equity Incentive Plan (Footnote F1).
• 10b5-1 plan: The sales were made under a pre-established Rule 10b5-1 trading plan adopted Nov 26, 2025 (Footnote F2).
• Trust: Some shares are held by The Shawn M. Soderberg 2005 Trust (Footnote F4).
• Shares owned after transaction: Not specified in the excerpt provided.

Context

• The pattern — exercising vested options and selling shares the same day, plus use of a 10b5-1 plan — is consistent with routine option-exercise and pre-planned sales rather than an opportunistic market-timing trade. RSUs are awards (no cash paid at grant). The filing is informational and does not, by itself, indicate the insider’s view of Bloom Energy’s future performance.