John Eugene Carrington - Feb 24, 2023 Form 4 Insider Report for STEM, INC. (STEM)

Role
CEO and Director, Director
Signature
/s/ Kathy Medford, Attorney-in-Fact
Stock symbol
STEM
Transactions as of
Feb 24, 2023
Transactions value $
$0
Form type
4
Date filed
2/28/2023, 04:21 PM
Previous filing
Nov 18, 2022
Next filing
Mar 3, 2023

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 +105K +9.48% $0.00 1.22M Feb 24, 2023 Common Stock, Par Value $0.0001 Per Share 105K Direct F1, F2
transaction STEM Stock Option (Right to Buy) Award $0 +136K $0.00 136K Feb 24, 2023 Common Stock, Par Value $0.0001 Per Share 136K $10.25 Direct F3
transaction STEM Performance Stock Unit Award $0 +211K $0.00 211K Feb 24, 2023 Common Stock, Par Value $0.0001 Per Share 211K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the contingent right to receive one (1) share of common stock.
F2 The RSU award vests in three equal annual installments beginning on February 24, 2024.
F3 The option award vests in three equal annual installments beginning on February 24, 2024.
F4 Each performance stock unit ("PSU") represents the contingent right to receive one (1) share of common stock.
F5 Subject to the terms and conditions of the governing PSU agreement, the PSU award will vest, if at all, on February 24, 2026. The number of shares that may be earned is based on achieving pre-set price hurdles for a specific number oof consecutive trading days during the performance period.
F6 If some or all of the price hurdles are not met on or prior to February 24, 2026, all unearned PSUs will immediately be forfeited.