Matthew Tappin - 31 Dec 2023 Form 4 Insider Report for STEM, INC. (STEM)

Role
President, Asset Management
Signature
/s/ Chen Zhang, attorney-in-fact
Issuer symbol
STEM
Transactions as of
31 Dec 2023
Net transactions value
-$18,537
Form type
4
Filing time
03 Jan 2024, 17:23:30 UTC
Previous filing
24 Jul 2023
Next filing
16 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 +14,318 $0.000000 14,318 31 Dec 2023 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $18,537 -5,207 -36% $3.56 9,111 03 Jan 2024 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 -14,318 -11% $0.000000 119,427 31 Dec 2023 Common Stock, Par Value $0.0001 Per Share 14,318 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") that were issued to the reporting person on July 13, 2023 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. Such sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 On July 13, 2023, the reporting person was granted 14,318 RSUs vesting 100% on December 31, 2023.