Michael C. Morgan - Mar 15, 2022 Form 4 Insider Report for STEM, INC. (STEM)

Role
Director
Signature
/s/ William Bush, Attorney-in-Fact
Stock symbol
STEM
Transactions as of
Mar 15, 2022
Transactions value $
$1,143,330
Form type
4
Date filed
3/17/2022, 01:30 PM
Previous filing
Dec 2, 2021
Next filing
Apr 21, 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 Purchase $572K +75K +6.79% $7.62 1.18M Mar 15, 2022 Held by Portcullis Investments, LP F1, F2
transaction STEM Common Stock, Par Value $0.0001 Per Share Purchase $286K +37.5K $7.62 37.5K Mar 15, 2022 Held by Trust F1, F3
transaction STEM Common Stock, Par Value $0.0001 Per Share Purchase $286K +37.5K $7.62 37.5K Mar 15, 2022 Held by Trust F1, F4
holding STEM Common Stock, Par Value $0.0001 Per Share 542K Mar 15, 2022 By Trust F5
holding STEM Common Stock, Par Value $0.0001 Per Share 134K Mar 15, 2022 Held by Star Peak Sponsor LLC
holding STEM Common Stock, Par Value $0.0001 Per Share 50K Mar 15, 2022 Held by Portcullis Partners, LP F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.43 to $7.97, inclusive. The reporting person undertakes to provide to Stem, Inc., any security holder of Stem, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.
F2 The reporting person serves as Manager of the general partner, Portcullis G.P., LLC, for, and he and his spouse indirectly hold interests in, Portcullis Investments, L.P. The reporting person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3 Held by a family trust (M GST) of which the reporting person is an investment adviser.
F4 Held by a family trust (C GST) of which the reporting person is an investment adviser.
F5 Held by a trust of which the reporting person is a trustee.
F6 The reporting person serves as Manager of the general partner, Portcullis G.P., LLC, for, and he and his spouse indirectly hold interests in, Portcullis Partners, L.P. The reporting person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.