White House · Decrypt
The House disclosure indicates Bloom shares and call options were purchased on July 24 and July 28
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★ Tier-1 Source
The trades weren't disclosed until August 21 and later appeared on congressional trading tracker Unusual Whales.
Key facts
- Bloom traded at $184.89 when 10,000 shares were purchased on July 24 and $166.84 when another 5,000 shares were purchased on July 28
- The 2012 STOCK Act subjects lawmakers to insider-trading laws and generally requires trades over $1,000 to be disclosed within 45 days, but does not prohibit lawmakers or their spouses from trading
- The options have a $100 strike price and expire in June 2027
- The House disclosure shows Bloom shares and call options were purchased on July 24 and July 28
Summary
Accounts owned by Nancy Pelosi's husband bought 15,000 Bloom Energy shares and 200 call options in late July. The second purchase came shortly before Bloom reported record quarterly results, with the stock jumping more than 26% by the July 30 close. The trades became public weeks later under the STOCK Act, adding to scrutiny of congressional stock trading. Bloom Energy shares jumped more than 6% in premarket trading Tuesday after a financial disclosure from Representative Nancy Pelosi revealed a multimillion-dollar household investment in the fuel-cell company. While the disclosure appears to have spiked Bloom Energy’s price this week, Pelosi’s trades were made a month earlier.