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

Role
Chief Legal Officer
Signature
/s/ Chen Zhang, attorney-in-fact
Issuer symbol
STEM
Transactions as of
28 Jan 2024
Net transactions value
-$31,954
Form type
4
Filing time
30 Jan 2024, 19:21:54 UTC
Previous filing
05 May 2023
Next filing
20 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 +34,325 +108% $0.000000 66,119 28 Jan 2024 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $31,954 -9,893 -15% $3.23 56,226 30 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 -34,325 -17% $0.000000 166,430 28 Jan 2024 Common Stock, Par Value $0.0001 Per Share 34,325 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.