David S. Buzby - Jul 7, 2021 Form 4 Insider Report for STEM, INC. (STEM)

Role
Director
Signature
/s/ William Bush, Attorney-in-Fact
Stock symbol
STEM
Transactions as of
Jul 7, 2021
Transactions value $
-$61
Form type
4
Date filed
7/9/2021, 07:16 PM
Previous filing
Jul 6, 2021
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEM Common Stock, Par Value $0.0001 Per Share Options Exercise $41.2K +33K +7.28% $1.25 486K Jul 7, 2021 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Tax liability -$41.2K -1.21K -0.25% $34.11 485K Jul 7, 2021 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Options Exercise $34.5K +27.6K +5.69% $1.25 513K Jul 7, 2021 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Tax liability -$34.5K -1.01K -0.2% $34.11 512K Jul 7, 2021 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Options Exercise $377K +166K +32.45% $2.27 678K Jul 7, 2021 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Tax liability -$377K -11K -1.63% $34.11 667K Jul 7, 2021 Direct
holding STEM Common Stock, Par Value $0.0001 Per Share 89.7K Jul 7, 2021 By the David S. Buzby Revocable Trust F1

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 Stock Option (Right to Buy) Options Exercise $0 -33K -13.17% $0.00 217K Jul 7, 2021 Common Stock, Par Value $0.0001 Per Share 33K $1.25 Direct
transaction STEM Stock Option (Right to Buy) Options Exercise $0 -27.6K -12.7% $0.00 190K Jul 7, 2021 Common Stock, Par Value $0.0001 Per Share 27.6K $1.25 Direct
transaction STEM Stock Option (Right to Buy) Options Exercise $0 -166K -87.5% $0.00 23.7K Jul 7, 2021 Common Stock, Par Value $0.0001 Per Share 166K $2.27 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by the David S. Buzby Revocable Trust, of which the reporting person is sole trustee.
F2 These options vested 25% on January 1, 2019, and the remaining options vested in equal monthly installments thereafter.
F3 These options will vest in equal monthly installments through January 1, 2022.