Form 4: Bloom Energy Corp COO Satish Chitoori Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Satish Chitoori, Chief Operations Officer of Bloom Energy Corp, sold 4,785 shares of Class A Common Stock on September 16, 2024, to cover tax withholding obligations.
Summary
- On September 16, 2024, Satish Chitoori, the Chief Operations Officer of Bloom Energy Corp, sold 4,785 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations incurred upon the settlement of restricted stock units (RSUs).
- The shares were sold at a weighted average price of $9.86, with individual transactions ranging from $9.81 to $9.93.
- Following the transaction, Chitoori directly owns 186,498 shares of Bloom Energy Corp.
- The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale for tax purposes, which is a neutral event.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. This transaction is not necessarily indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of the stock sale transaction. |
| 09/18/2024 | Date of the Form 4 filing. |
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