Saul R. Laureles - Apr 28, 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
Apr 28, 2023
Transactions value $
-$3,654
Form type
4
Date filed
5/5/2023, 10:31 AM
Previous filing
Mar 3, 2023
Next filing
Jan 30, 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 +3.45K +11.81% $0.00 32.7K Apr 28, 2023 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$3.65K -887 -2.71% $4.12 31.8K May 1, 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 -3.45K -1.69% $0.00 201K Apr 28, 2023 Common Stock, Par Value $0.0001 Per Share 3.45K Direct F1, F3
* 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") granted on July 2, 2021 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 July 2, 2021, the reporting person was granted 13,812 RSUs vesting in four equal annual installments beginning on April 28, 2022.