Kim Homenock - 14 Mar 2023 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief People Officer
Signature
/s/ Kathy Medford, Attorney-in-Fact
Issuer symbol
STEM
Transactions as of
14 Mar 2023
Net transactions value
-$181,796
Form type
4
Filing time
16 Mar 2023, 17:45:51 UTC
Previous filing
17 Feb 2023
Next filing
20 Feb 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 +70,092 +262% $0.000000 96,794 14 Mar 2023 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $181,796 -27,063 -28% $6.72 69,731 15 Mar 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 -70,092 -37% $0.000000 118,488 14 Mar 2023 Common Stock, Par Value $0.0001 Per Share 70,092 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 14, 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 $6.71 to $6.75. 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 14, 2022, the reporting person was granted 53,404 RSUs vesting 100% on March 14, 2023 and 66,755 RSUs vesting in four equal annual installments beginning on March 14, 2023.