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

Role
Chief Accounting Officer
Signature
/s/ Kathy Medford, Attorney-in-Fact
Stock symbol
STEM
Transactions as of
Jan 18, 2023
Transactions value $
-$34,508
Form type
4
Date filed
2/28/2023, 04:22 PM
Previous filing
Feb 14, 2022
Next filing
Jan 19, 2024

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 +8K $0.00 8K Feb 21, 2023 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$34.5K -4.19K -52.41% $8.23 3.81K Feb 21, 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 -8K -25% $0.00 24K Jan 18, 2023 Common Stock, Par Value $0.0001 Per Share 8K Direct F1, F3, F4
transaction STEM Restricted Stock Unit Award $0 +60.5K +251.91% $0.00 84.5K Feb 23, 2023 Common Stock, Par Value $0.0001 Per Share 60.5K 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.