Michael C. Morgan - Apr 28, 2022 Form 4 Insider Report for STEM, INC. (STEM)

Role
Director
Signature
/s/ Kathy Medford, Attorney-in-Fact
Stock symbol
STEM
Transactions as of
Apr 28, 2022
Transactions value $
$0
Form type
4
Date filed
4/29/2022, 07:22 AM
Previous filing
Apr 21, 2022
Next filing
May 20, 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 $0 +5.52K $0.00 5.52K Apr 28, 2022 Direct F1
holding STEM Common Stock, Par Value $0.0001 Per Share 1.18M Apr 28, 2022 Held by Portcullis Investments, LP F2
holding STEM Common Stock, Par Value $0.0001 Per Share 50K Apr 28, 2022 Held by Portcullis Partners, LP F3
holding STEM Common Stock, Par Value $0.0001 Per Share 542K Apr 28, 2022 By Trust F4
holding STEM Common Stock, Par Value $0.0001 Per Share 37.5K Apr 28, 2022 By Trust F5
holding STEM Common Stock, Par Value $0.0001 Per Share 37.5K Apr 28, 2022 By Trust F6

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 Options Exercise $0 -5.52K -100% $0.00* 0 Apr 28, 2022 Common Stock, Par Value $0.0001 Per Share 5.52K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock issued to the reporting person upon vesting of restricted stock units ("RSUs") that were issued to the reporting person on July 2, 2021 under the Stem, Inc. 2021 Equity Incentive Plan.
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 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.
F4 Held by a trust of which the reporting person is a trustee.
F5 Held by a family trust (M GST) of which the reporting person is an investment adviser.
F6 Held by a family trust (C GST) of which the reporting person is an investment adviser.
F7 On July 2, 2021, the reporting person was granted 5,524 RSUs vesting 100% on April 28, 2021.