Key points
- A periodic transaction report filed with the House Clerk on August 21 shows the Pelosi household bought 15,000 Bloom Energy shares and 200 Bloom call options ($100 strike, June 2027 expiry) on July 24 and July 28 — its first-ever disclosed Bloom Energy trade — plus 10,000 Intel shares and 50 Intel calls.
- The purchases landed two days after the House voted 232–198 to ban members and their spouses from buying individual stocks, and inside Bloom's 32% July drawdown after a short-seller report.
- On our own Form 4 record, five Bloom Energy insiders have sold $16.3 million since those trades and not one has bought. At Intel, the opposite: CEO Lip-Bu Tan put $10.0 million of his own cash into the stock on August 11.
Congressional disclosures tell you what a politician's household bought. Form 4 filings tell you what the people running the company did with their own money. This week those two records point in opposite directions on the same stock — and it is worth looking at both before deciding which one to copy.
What the filing actually says
The report covers late-July transactions and was filed on August 21. Under House rules it reports spousal trades, and congressional filings disclose value bands rather than exact amounts.
| Date | Security | Size | Disclosed range |
|---|---|---|---|
| July 24 | Bloom Energy (BE) common stock | 10,000 shares | $1,000,001 – $5,000,000 |
| July 24 | Bloom Energy calls — $100 strike, exp. 6/17/27 | 100 contracts | $1,000,001 – $5,000,000 |
| July 28 | Bloom Energy common stock | 5,000 shares | $500,001 – $1,000,000 |
| July 28 | Bloom Energy calls — $100 strike, exp. 6/17/27 | 100 contracts | $500,001 – $1,000,000 |
| July 24 | Intel (INTC) common stock | 10,000 shares | $500,001 – $1,000,000 |
| July 24 | Intel calls — $50 strike, exp. 6/17/27 | 50 contracts | $250,001 – $500,000 |
Add the bands and these six lines carry a disclosed value of roughly $3.75 million to $13.5 million. Quiver Quantitative, which first flagged the filing, summarised it as a $3–12 million range; other outlets counted up to $13.5 million. The spread is not a contradiction — it is what happens when a disclosure regime reports brackets instead of numbers.
At 100 shares per contract, the 200 Bloom calls represent 20,000 more shares of exposure on top of the 15,000 bought outright. This is not the household's first Intel option position either: 200 Intel $50-strike calls expiring March 2027 were disclosed on May 29.
The two dates worth putting side by side
On July 22, the House passed the Stop Insider Trading Act by 232–198 — a bill barring members of Congress, their spouses and dependent children from buying individual public stocks, with advance notice required for sales. Pelosi, who opposed such bans for years, endorsed this one. It has not become law: the Senate has not held a floor vote, and Sen. Josh Hawley's companion measure has cleared committee and stopped there.
The first Bloom purchase is dated July 24. Nothing about it was against the rules — the rules that would have prohibited it are still sitting in the Senate. But the sequence is the cleanest illustration available of why the bill exists.
There is a second date worth noting. Pelosi's term ends January 3, 2027; she is not seeking re-election. The calls disclosed here expire June 17, 2027 — more than five months after she leaves office.
She bought Bloom in the middle of its worst month
Bloom Energy was one of 2026's biggest AI-power winners before it broke. The stock set a 52-week high of $351.28 on June 25. On July 8, short-seller Hunterbrook Media published "Bloom's Big Lie," alleging the company depends on Chinese scandium supply despite management's claims to the contrary. Bloom called the report "false and misleading" and said it is not dependent on China for the material. Shareholder suits followed, and the stock fell 32% over July.
The July 24 and July 28 trades sit squarely inside that drawdown — buying a broken momentum name while the tape was still ugly. It has worked so far. Bloom last traded at $204.02 on our record, which puts the stock at roughly double the $100 strike on those June 2027 calls.
Now the part only the filings show
Here is what has happened at Bloom Energy since those purchases, straight off our Form 4 record. Bloom's Insider Score is Pro out of Pro, and the reason is blunt: no open-market insider buying in the last 90 days, against $16.3 million of selling.
| Date | Insider | Role | Shares | Price | Value | 10b5-1 plan |
|---|---|---|---|---|---|---|
| Aug 17 | Jeffrey R. Immelt | Director (former GE CEO) | 30,000 sold | $238.91 | $7.17M | Yes |
| Aug 14 | Aman Joshi | Chief Commercial Officer | 4,677 sold | $241.75 | $1.13M | Yes |
| Aug 14 | Shawn Marie Soderberg | Officer | 2,895 sold | $233.60 | $0.68M | No |
| Aug 14 | Satish Chitoori | Chief Operations Officer | 2,053 sold | $241.64 | $0.50M | Yes |
| Aug 13 | John T. Chambers | Director (former Cisco CEO) | 15,000 sold | $250.00 | $3.75M | Yes |
| Aug 3 | John T. Chambers | Director | 15,000 sold | $205.58 | $3.08M | Yes |
Two honest qualifications. Five of those six filings carry the Rule 10b5-1 checkbox, meaning the sales were scheduled in advance — our scoring discounts planned trades for exactly that reason, and none of this is evidence of panic. And selling shares is what compensated executives and long-tenured directors do.
What survives both qualifications is the other half of the record: zero purchases. Not one Bloom insider has bought a share on the open market in 90 days, while the household of a retiring congresswoman was buying stock and 2027 calls. The insiders who did trade sold between $205.58 and $250.00 — at or above where the stock trades today.
Intel is the opposite picture
On Intel, the Pelosi trade has company. Our record shows exactly one insider transaction in the last 90 days, and it is a purchase:
| Detail | As filed |
|---|---|
| Filer | Lip-Bu Tan — Chief Executive Officer |
| Date | August 11, 2026 |
| Transaction | Code P — open-market purchase, no 10b5-1 plan checkbox |
| Size | 105,263 shares at $95.00 — about $10.0 million |
| Holdings after | 1,314,669 shares, up from 1,209,406 (+8.7%) |
Intel's Insider Score is Pro, lifted by that single filing: the CEO spending eight figures of his own cash, at market, with no plan to hide behind. Intel last traded at $87.26 on our record — so Tan is currently about 8% underwater, while the share price still sits about 75% above the $50 strike in the Pelosi filing.
Why these two tickers travel together
The pairing is not random. Bloom has supplied fuel-cell power to Intel's Santa Clara data center since 2014, with an expansion announced in 2024. Its AI-infrastructure business now includes an Oracle agreement covering up to 2.8 GW of fuel-cell capacity — 1.2 GW already deploying — plus roughly 250 MW across nearly two dozen other customers. Bloom also disclosed $60,000 in second-quarter lobbying on the federal tax treatment of fuel cells, electrolyzers, hydrogen and carbon capture.
Read together, the two positions are one trade: the electricity that AI data centers need, and the chips that consume it, expressed through options that expire in mid-2027 — about when that contracted capacity is supposed to be running.
The honest caveats
- Bands, not amounts. Every dollar figure in the Pelosi filing is a bracket. Anyone quoting a precise total is estimating.
- These are spousal transactions. They are reported under House rules covering a spouse's trades, and Pelosi's office has said for years that she does not trade the positions herself.
- A disclosure shows one leg. A periodic transaction report lists what was bought. It cannot show whether the calls are outright, part of a spread, or hedged against something else.
- This filing is not in our congressional table yet. Our provider's congressional feed currently runs through reports dated August 19, so the Pelosi figures above come from the disclosure as reported — not from our own database. The Bloom Energy and Intel insider data is ours and is checkable on each stock page.
- Planned sales are weak evidence. Scheduled 10b5-1 selling says little about conviction. The absence of buying is the sturdier fact.
The bottom line
The Pelosi household bought its first Bloom Energy position in the middle of the stock's worst month, two days after the House voted to make such purchases illegal, with calls that outlive the congresswoman's own term. That is the story everyone is covering.
The part worth checking is the filing record on the other side of the trade: at Intel, the CEO is buying alongside her with his own money; at Bloom, five insiders have sold $16.3 million and nobody has bought a share. One of those two positions has insider confirmation. The other has a $100 strike and a good entry.
You can audit both yourself: Bloom Energy's filing history and Insider Score, Intel's insider record, the full congressional trading tracker, and today's open-market buying on Top Insider Scores.