Chitoori Satish 4
4 · Bloom Energy Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Bloom Energy (BE) COO Chitoori Satish Sells Shares After PSU Vesting
What Happened
- Chitoori Satish, Chief Operations Officer of Bloom Energy (BE), had 5,903 shares issued on March 15, 2026 when performance stock units (PSUs) vested (acquired at $0). On March 16, 2026 he sold a total of 18,964 shares in two open-market transactions, generating proceeds of about $2,929,064 (3,042 shares at a weighted average $152.59 = $464,179; 15,922 shares at a weighted average $154.81 = $2,464,885).
- The sales were largely to cover tax withholding obligations triggered by equity settlements and one portion was effected pursuant to a Rule 10b5-1 trading plan. These are disposals (routine tax-related sales), not open-market purchases.
Key Details
- Transaction dates: March 15, 2026 (PSU settlement/acquisition); March 16, 2026 (sales).
- Prices: PSU shares issued at $0; sale weighted averages $152.59 (3,042 sh; range $149.73–$155.89) and $154.81 (15,922 sh; range $150.46–$161.50). Full breakdown by trade is available upon SEC staff request (per filing).
- Proceeds: ~ $2.93 million total from the two sales.
- Footnotes of note:
- PSU origin: Grant dated March 16, 2023 for a 10,000-share target; payout determined at 59% by the Compensation Committee on Feb 19, 2026, vesting at 59% on March 15, 2026.
- F2: Sale to cover tax withholding on PSU settlement.
- F4: Sale to cover tax withholding on RSUs effected under a Rule 10b5-1 plan adopted Nov 28, 2025.
- Shares owned after these transactions: not specified in the provided filing.
- Filing: Form 4 filed March 17, 2026 (appears timely relative to the March 15–16 transactions).
Context
- These transactions combine an equity award vesting (PSUs paying out at 59% of target) and routine sell-to-cover tax withholdings. Such sell-to-cover transactions are common when equity awards vest and do not necessarily signal a change in insider sentiment.
- If you track insider buying as a bullish signal, note this filing documents disposals and an award vesting rather than a fresh purchase.
Insider Transaction Report
Form 4
Chitoori Satish
Chief Operations Officer
Transactions
- Award
Class A Common Stock
[F1]2026-03-15+5,903→ 251,329 total - Sale
Class A Common Stock
[F2][F3]2026-03-16$152.59/sh−3,042$464,179→ 248,287 total - Sale
Class A Common Stock
[F4][F5]2026-03-16$154.81/sh−15,922$2,464,885→ 232,365 total
Footnotes (5)
- [F1]On March 16, 2023, the Reporting Person was granted a performance-based stock units ("PSUs") award for a target number of 10,000 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person partially met the performance criteria as determined by the Compensation Committee on February 19, 2026, which resulted in a payout of 59% of the target. The PSUs fully vested at 59% of the target on March 15, 2026.
- [F2]Sale of shares to cover tax withholding obligation incurred upon settlement of PSUs.
- [F3]The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $149.73 to $155.89. 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.
- [F4]Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2025.
- [F5]The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $150.46 to $161.50. 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.
Signature
/s/ Shawn M. Soderberg, as attorney-in-fact|2026-03-17