Board grants CEO Sridhar a performance award of 271,076 shares at target

On June 15, 2026 Bloom's board approved a performance-based restricted stock unit grant to CEO KR Sridhar covering 271,076 shares at target, under the 2018 Equity Incentive Plan. Vesting is tied to total revenue over four consecutive quarters within July 1, 2026 to December 31, 2029, and payout can reach up to 300% of target, adjusted by FY2029 non-GAAP product gross margin. The board cited retention, including keeping Sridhar beyond 2027, when his 2024 award vests.

• 271,076 shares at target under the 2018 Equity Incentive Plan
• Performance window July 1, 2026 to December 31, 2029
• Payout up to 300% of target
• Net vested shares must be held until December 31, 2031