Saul R. Laureles - Mar 1, 2023 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief Legal Officer
Signature
/s/ Kathy Medford, Attorney-in-Fact
Stock symbol
STEM
Transactions as of
Mar 1, 2023
Transactions value $
-$43,035
Form type
4
Date filed
3/3/2023, 04:11 PM
Previous filing
Feb 17, 2023
Next filing
May 5, 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 +18.1K +109.93% $0.00 34.5K Mar 1, 2023 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$43K -5.31K -15.38% $8.10 29.2K Mar 1, 2023 Direct F2, F3

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 -18.1K -8.14% $0.00 204K Mar 1, 2023 Common Stock, Par Value $0.0001 Per Share 18.1K Direct F1, F4
* 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 Represents shares of common stock sold to cover the reporting person's tax liability in connection with the settlement of RSUs.
F3 The price reported is a weighted average price. The shares were sold in multiple transactions at per share prices ranging from $8.10 to $8.115. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 On March 1, 2022, the reporting person was granted 72,347 RSUs vesting in four equal annual installments beginning on March 1, 2023.