SIEMENS AG 4

What Happened
SPT Holding Sarl, a 10% owner of Fluence Energy, sold 10,066,414 shares of Class A common stock on May 15, 2026. The shares were sold at $20.5275 each (reported as $20.53), producing proceeds of approximately $206,638,313. The filing notes this disposition was part of a secondary offering (footnote F1). This was a sale by a large institutional holder rather than an executive purchase.

Key Details

• Transaction date: 2026-05-15.
• Shares sold: 10,066,414.
• Price per share: $20.5275 (rounded in table to $20.53).
• Total proceeds: $206,638,313.
• Transaction type: Reported as "S" (sale) — Form 4 lists "open market or private sale," with footnote F1 specifying a secondary offering.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Relevant footnotes:
  • F1: Confirms $20.5275 sale price per share in a secondary offering.
  • F2: Shares are directly owned by SPT Holding Sarl, a wholly owned subsidiary of Siemens Pension-Trust e.V.; Siemens AG is an affiliate and may be deemed to share beneficial ownership.
  • F3: Notes shares are directly owned by Siemens AG (as referenced in the filing).
• Filing timeliness: Form filed on 2026-05-15 reporting the same-day transaction; no late filing indicated.

Context
This is institutional selling by a 10% owner (SPT Holding Sarl / Siemens-related entities). Institutional sales can reflect portfolio rebalancing or liquidity needs and do not necessarily signal management sentiment about the company's prospects. For retail investors, purchases by insiders tend to carry clearer bullish signals than routine disposals by large shareholders.