Mark William Triplett - 23 Aug 2021 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief Operating Officer
Signature
/s/ William Bush, Attorney-in-Fact
Issuer symbol
STEM
Transactions as of
23 Aug 2021
Net transactions value
-$3,309,016
Form type
4
Filing time
25 Aug 2021, 12:09:55 UTC
Previous filing
06 Jul 2021
Next filing
01 Nov 2021
SEC
View on sec.gov

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 $227,000 +100,000 $2.27 100,000 23 Aug 2021 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Tax liability $1,166,016 -49,199 -49% $23.70 50,801 23 Aug 2021 Direct 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 $2,370,000 -100,000 -14% $23.70 628,325 23 Aug 2021 Common Stock, Par Value $0.0001 Per Share 100,000 $2.27 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of stock option awards, and does not represent a sale by the reporting person.
F2 These options vested 25% on March 19, 2019, and the remaining options vested in equal monthly installments thereafter.