0000899243-23-005539.txt : 20230217
0000899243-23-005539.hdr.sgml : 20230217
20230217191107
ACCESSION NUMBER: 0000899243-23-005539
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230215
FILED AS OF DATE: 20230217
DATE AS OF CHANGE: 20230217
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SODERBERG SHAWN MARIE
CENTRAL INDEX KEY: 0001591851
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38598
FILM NUMBER: 23644703
MAIL ADDRESS:
STREET 1: 1000 ALFRED NOBEL DRIVE
CITY: HERCULES
STATE: CA
ZIP: 94547
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Bloom Energy Corp
CENTRAL INDEX KEY: 0001664703
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620]
IRS NUMBER: 770565408
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4353 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95134
BUSINESS PHONE: 408-543-1500
MAIL ADDRESS:
STREET 1: 4353 NORTH FIRST STREET
CITY: SAN JOSE
STATE: CA
ZIP: 95134
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2023-02-15
0
0001664703
Bloom Energy Corp
BE
0001591851
SODERBERG SHAWN MARIE
4353 NORTH FIRST STREET
SAN JOSE
CA
95134
0
1
0
0
EVP, GC & Secretary
Class A Common Stock
2023-02-15
4
M
0
3032
0.00
A
392043
D
Class A Common Stock
2023-02-15
4
M
0
16170
0.00
A
408213
D
Class A Common Stock
2023-02-15
4
A
0
35400
0.00
A
443613
D
Class A Common Stock
2023-02-15
4
A
0
34588
0.00
A
478201
D
Class A Common Stock
2023-02-16
4
S
0
2806
23.61
D
475395
D
Restricted Stock Units
2023-02-15
4
M
0
3032
0.00
D
Class A Common Stock
3032
12127
D
Performance Stock Units
2023-02-15
4
M
0
16170
0.00
D
Class A Common Stock
16170
0
D
Includes 1,255 shares that were acquired under the Bloom Energy Corporation Employee Stock Purchase Plan.
Restricted stock units ("RSUs") granted under the Bloom Energy Corporation 2018 Equity Incentive Plan. One-third of the RSUs will vest on February 15, 2024, and the remaining will vest in equal quarterly installments for the following two years, subject to Reporting Person remaining a service provider on each applicable vesting date.
On January 14, 2022, the Reporting Person was granted a performance stock unit ("PSU") award for a target number of 32,940 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period related to the services business. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 15, 2023, which resulted in a payout of 1.05 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2023, another third on February 15, 2024 and the remaining third on February 15, 2025, subject to Reporting Person remaining a service provider on each applicable vesting date.
Sale of shares to cover tax withholding obligation incurred upon settlement of RSUs effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $23.37 to $23.85. 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.
Each RSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
RSUs shall vest over three years, with a third of the RSUs vesting on the one-year anniversary of the vesting commencement date, which is February 15, 2021, and the remaining shares vesting in equal quarterly installments over the next two years, subject to Reporting Person remaining a service provider on each applicable vesting date.
Each PSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
On June 12, 2020, the Reporting Person was granted a PSU award for a target number of 33,000 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 11, 2021, which resulted in a payout of 1.47 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2021, another third on February 15, 2022 and the remaining third on February 15, 2023, subject to Reporting Person remaining a service provider on each applicable vesting date.
/s/ Shawn M. Soderberg
2023-02-17