FLNC · Fluence Energy, Inc.

The filing details two significant capital events. First, on May 14, 2026, AES Grid Stability exercised its redemption right for 10,066,414 common units of Fluence Energy, LLC, which the company elected to settle by issuing an equivalent number of Class A common shares. This issuance was exempt from registration under Section 4(a)(2) of the Securities Act. Second, on May 12, 2026, the company entered into an underwriting agreement for a secondary public offering of 20 million shares by selling stockholders (including AES Grid Stability, SPT Holding, and Qatar Holding) at $21.00 per share. The underwriters fully exercised their option to purchase an additional 3 million shares. The offering closed on May 15, 2026. The company did not sell any shares and will not receive any proceeds. These transactions increase the public float and dilute existing shareholders, but also provide liquidity for major stockholders.