0001664703-22-000023.txt : 20220217 0001664703-22-000023.hdr.sgml : 20220217 20220217204136 ACCESSION NUMBER: 0001664703-22-000023 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220215 FILED AS OF DATE: 20220217 DATE AS OF CHANGE: 20220217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Venkataraman Swaminathan CENTRAL INDEX KEY: 0001746127 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38598 FILM NUMBER: 22650519 MAIL ADDRESS: STREET 1: 1299 ORLEANS DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94089 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 wf-form4_164514848143626.xml FORM 4 X0306 4 2022-02-15 0 0001664703 Bloom Energy Corp BE 0001746127 Venkataraman Swaminathan 4353 NORTH FIRST STREET SAN JOSE CA 95134 0 1 0 0 EVP of Engineering & CTO Class A Common Stock 2022-02-15 4 M 0 12992 0 A 119570 D Class A Common Stock 2022-02-15 4 M 0 22050 0 A 141620 D Class A Common Stock 2022-02-16 4 S 0 13758 19.6423 D 127862 D Class A Common Stock 36554 I By trust Restricted Stock Units 2022-02-15 4 M 0 12992 0 D Class A Common Stock 12992.0 25986 D Performance Stock Units 2022-02-15 4 M 0 22050 0 D Class A Common Stock 22050.0 22050 D Performance Stock Units 2022-02-16 4 A 0 19489 0 A Class A Common Stock 19489.0 19489 D Sale of shares to cover tax withholding obligation incurred upon settlement of the restricted stock units ("RSUs") and performance-based stock units ("PSUs") 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 $19.25 to $20.07. 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. Held by The Venkataraman Living Trust UTA dtd 6/8/2011, of which the Reporting Person is a trustee. Each RSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement. This RSU award 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 quarterly in 1/12th 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 45,000 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. On February 11, 2021, the Reporting Person was granted a PSU award for a target number of 25,985 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 16, 2022, which resulted in a payout of 75% of the target. The PSUs shall vest annually over three (3) years, with a third of the PSUs vesting on March 15, 2022, another third on March 15, 2023 and the remaining third on March 15, 2024, subject to Reporting Person remaining a service provider on each applicable vesting date. /s/ Shawn M. Soderberg, as attorney-in-fact 2022-02-17