Chitoori Satish 4

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.