BULLS HERMAN E 4

What Happened

• Herman E. Bulls, a director of Fluence Energy, had restricted stock units (RSUs) that vested in full on March 17, 2026. The Form 4 shows an exercise/conversion of 32,348 RSUs into 32,348 shares (derivative transaction code M). The filing also records a simultaneous disposition of 32,348 shares at $0.00 (reported value $0).
• This was not a market purchase or sale—rather, a vesting/conversion of awards. No cash purchase price is reported; the disposition at $0 is recorded in the filing (see Key Details for notes).

Key Details

• Transaction date: March 17, 2026. Form 4 filed: March 19, 2026 (timely filing).
• Reported transactions: +32,348 shares acquired via exercise/conversion of RSUs; -32,348 shares disposed at $0.00 (both reported as derivative transactions).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each RSU represents a contingent right to one share of Class A common stock. F2 — the RSUs vested in full on March 17, 2026; they had no expiration date.
• The Form shows a simultaneous acquisition and $0 disposition of the same number of shares; the filing does not state the reason for the $0 disposition.

Context

• This is a vesting/conversion of equity awards (RSUs), not an open-market buy or sell. Such transactions typically reflect compensation vesting rather than a buy/sell signal.
• For retail investors, award vesting is informative about insider equity compensation but does not necessarily indicate a change in insider sentiment.