Robert Schaefer - Mar 1, 2023 Form 4 Insider Report for STEM, INC. (STEM)

Role
President, Transformational
Signature
/s/ Kathy Medford, Attorney-in-Fact
Stock symbol
STEM
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 04:10 PM
Previous filing
Feb 17, 2023
Next filing
Mar 13, 2023

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 +16.7K +2.3% $0.00 745K Mar 1, 2023 Direct F1
holding STEM Common Stock, Par Value $0.0001 Per Share 269K Mar 1, 2023 By 2021 K.B. Schaefer Legacy Trust F2
holding STEM Common Stock, Par Value $0.0001 Per Share 269K Mar 1, 2023 By 2021 N.R. Schaefer Legacy Trust F3
holding STEM Common Stock, Par Value $0.0001 Per Share 538K Mar 1, 2023 By Trust F4

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 -16.7K -12.61% $0.00 116K Mar 1, 2023 Common Stock, Par Value $0.0001 Per Share 16.7K Direct F1, F5
* 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 March 1, 2022 under the Stem, Inc. 2021 Equity Incentive Plan.
F2 Held by the 2021 K.B. Schaefer Legacy Trust, of which the reporting person is the settlor.
F3 Held by the 2021 N.R. Schaefer Legacy Trust, of which the reporting person is the settlor.
F4 Held by the Schaefer Descendants Trust, of which the reporting person is the settlor.
F5 On March 1, 2022, the reporting person was granted 66,988 RSUs vesting in four equal annual installments beginning on March 1, 2023.