Saul R. Laureles - 02 Jul 2021 Form 4/A - Amendment Insider Report for STEM, INC. (STEM)

Role
Chief Legal Officer
Signature
/s/ Saul R. Laureles
Issuer symbol
STEM
Transactions as of
02 Jul 2021
Net transactions value
$0
Form type
4/A - Amendment
Filing time
03 Mar 2022, 19:32:13 UTC
Date Of Original Report
06 Jul 2021
Previous filing
02 Jun 2021
Next filing
03 Mar 2022
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 Award $0 +18,745 $0.000000 18,745 02 Jul 2021 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Tax liability $0 -4,620 -25% $0.000000 14,125 02 Jul 2021 Direct

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 +18,745 $0.000000 18,745 02 Jul 2021 Common Stock, Par Value $0.0001 Per Share 18,745 Direct F2, F3
transaction STEM Restricted Stock Unit Award $0 +13,812 +74% $0.000000 32,557 02 Jul 2021 Common Stock, Par Value $0.0001 Per Share 13,812 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to Stem, Inc. 2021 Equity Incentive Plan.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive one (1) share of common stock, par value $0.0001 per share.
F3 The RSU award vests 100% on April 28, 2022.
F4 The RSU award vests ratably over four years beginning April 28, 2021.

Remarks:

This amendment is being filed due to an administrative error in tax withholding calculations. Table I is restated in order to reflect the correct number of shares of common stock withheld for taxes.