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

Role
CEO and Director, Director
Signature
/s/ Kathy Medford, Attorney-in-Fact
Issuer symbol
STEM
Transactions as of
24 Feb 2023
Net transactions value
$0
Form type
4
Filing time
28 Feb 2023, 16:21:05 UTC
Previous filing
18 Nov 2022
Next filing
03 Mar 2023
SEC
View on sec.gov

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 +105,264 +9.5% $0.000000 1,215,248 24 Feb 2023 Common Stock, Par Value $0.0001 Per Share 105,264 Direct F1, F2
transaction STEM Stock Option (Right to Buy) Award $0 +135,502 $0.000000 135,502 24 Feb 2023 Common Stock, Par Value $0.0001 Per Share 135,502 $10.25 Direct F3
transaction STEM Performance Stock Unit Award $0 +210,527 $0.000000 210,527 24 Feb 2023 Common Stock, Par Value $0.0001 Per Share 210,527 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.