Matthew Tappin - 13 Jul 2023 Form 3 Insider Report for STEM, INC. (STEM)

Role
President, Asset Management
Signature
/s/ Kathy Medford, Attorney-in-Fact
Issuer symbol
STEM
Transactions as of
13 Jul 2023
Net transactions value
$0
Form type
3
Filing time
24 Jul 2023, 16:40:09 UTC
Next filing
03 Jan 2024
SEC
View on sec.gov

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
holding STEM Restricted Stock Unit 13 Jul 2023 Common Stock, Par Value $0.0001 Per Share 133,745 Direct F1, F2
holding STEM Stock Option (Right to Buy) 13 Jul 2023 Common Stock, Par Value $0.0001 Per Share 95,187 $10.25 Direct F3
holding STEM Stock Option (Right to Buy) 13 Jul 2023 Common Stock, Par Value $0.0001 Per Share 83,735 $9.33 Direct F4
holding STEM Stock Option (Right to Buy) 13 Jul 2023 Common Stock, Par Value $0.0001 Per Share 9,249 $25.34 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 14,318 Restricted Stock Units (RSUs) will vest 100% on December 31, 2023. 73,684 RSUs will vest in three equal annual installments beginning on February 15, 2024. 40,193 RSUs will vest in three equal annual installments beginning on March 1, 2024. 5,550 RSUs will vest in two equal annual installments beginning on May 24, 2024.
F2 Each RSU represents the contingent right to receive one (1) share of common stock, par value $0.0001 per share.
F3 The option award will vest in three equal annual installments beginning on February 15, 2024.
F4 20,933 options are currently exercisable. The remaining options will vest in three equal annual installments beginning March 1, 2024.
F5 4,625 options are currently exercisable. The remaining options will vest in two equal annual installments beginning on May 24, 2024.