John Eugene Carrington - Jul 2, 2021 Form 4 Insider Report for STEM, INC. (STEM)

Role
CEO and Director
Signature
/s/ William Bush, Attorney-in-Fact
Stock symbol
STEM
Transactions as of
Jul 2, 2021
Transactions value $
$0
Form type
4
Date filed
7/6/2021, 07:45 PM
Previous filing
Jun 2, 2021
Next filing
Aug 27, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STEM Restricted Stock Unit Award $0 +1M $0.00 1M Jul 2, 2021 Common Stock, Par Value $0.0001 Per Share 1M Direct F1, F2
transaction STEM Restricted Stock Unit Award $0 +39.5K +3.95% $0.00 1.04M Jul 2, 2021 Common Stock, Par Value $0.0001 Per Share 39.5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") award represents the contingent right to receive one (1) share of common stock.
F2 The RSU award vests 43% on April 28, 2024. Thereafter, the remainder of the RSU award vests ratably over four years.
F3 The RSU award vests ratably over four years beginning April 28, 2021.