Rahul Shukla - Jan 18, 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief Accounting Officer
Signature
/s/ Chen Zhang, attorney-in-fact
Stock symbol
STEM
Transactions as of
Jan 18, 2024
Transactions value $
-$9,036
Form type
4
Date filed
1/19/2024, 05:14 PM
Previous filing
Feb 28, 2023
Next filing
Feb 20, 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 +8K +210.14% $0.00 11.8K Jan 18, 2024 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$9.04K -3.31K -28.03% $2.73 8.5K Jan 19, 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 -8K -9.47% $0.00 76.5K Jan 18, 2024 Common Stock, Par Value $0.0001 Per Share 8K 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") issued on February 9, 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. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.
F3 On February 9, 2022, the reporting person was granted 32,000 RSUs vesting in four equal annual installments beginning on January 18, 2023.