Saul R. Laureles - Jan 28, 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief Legal Officer
Signature
/s/ Chen Zhang, attorney-in-fact
Stock symbol
STEM
Transactions as of
Jan 28, 2024
Transactions value $
-$31,954
Form type
4
Date filed
1/30/2024, 07:21 PM
Previous filing
May 5, 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 +34.3K +107.96% $0.00 66.1K Jan 28, 2024 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$32K -9.89K -14.96% $3.23 56.2K Jan 30, 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 -34.3K -17.1% $0.00 166K Jan 28, 2024 Common Stock, Par Value $0.0001 Per Share 34.3K 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 28, 2022 under the Stem, Inc. 2021 Equity Incentive Plan.
F2 Represents shares of common stock automatically 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 July 28, 2022, the reporting person was granted 34,325 RSUs vesting 100% on January 28, 2024.