Rahul Shukla - 18 Jan 2023 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief Accounting Officer
Signature
/s/ Kathy Medford, Attorney-in-Fact
Issuer symbol
STEM
Transactions as of
18 Jan 2023
Net transactions value
-$34,508
Form type
4
Filing time
28 Feb 2023, 16:22:34 UTC
Previous filing
14 Feb 2022
Next filing
19 Jan 2024
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 Options Exercise $0 +8,000 $0.000000 8,000 21 Feb 2023 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $34,508 -4,193 -52% $8.23 3,807 21 Feb 2023 Direct F2

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 -8,000 -25% $0.000000 24,000 18 Jan 2023 Common Stock, Par Value $0.0001 Per Share 8,000 Direct F1, F3, F4
transaction STEM Restricted Stock Unit Award $0 +60,459 +252% $0.000000 84,459 23 Feb 2023 Common Stock, Par Value $0.0001 Per Share 60,459 Direct F4, F5, F6
* 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") issued on February 9, 2022 under the Stem, Inc. 2021 Equity Incentive Plan.
F2 Represents shares of common stock sold to cover the reporting person's tax liability in connection with the settlement of RSUs.
F3 On February 9, 2022, the reporting person was granted 32,000 RSUs vesting in four equal annual installments beginning on January 18, 2023.
F4 Due to an error, the reporting person's February 9, 2022 RSU grant was previously understated by 14,624 RSUs.
F5 Each RSU represents the contingent right to receive one (1) share of common stock.
F6 The RSU award vests in three equal annual installments beginning on February 23, 2024.