Michael James Carlson - Feb 15, 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief Operating Officer
Signature
/s/ Chen Zhang, attorney-in-fact
Stock symbol
STEM
Transactions as of
Feb 15, 2024
Transactions value $
-$31,548
Form type
4
Date filed
2/20/2024, 04:44 PM
Previous filing
Sep 28, 2023
Next filing
Mar 5, 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 +26.1K +610.55% $0.00 30.3K Feb 15, 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$31.5K -9.95K -32.82% $3.17 20.4K Feb 16, 2024 Direct F1

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 -26.1K -26.8% $0.00 71.2K Feb 15, 2024 Common Stock, Par Value $0.0001 Per Share 26.1K $0.00 Direct F2
transaction STEM Stock Option (Right to Buy) Award $0 +109K $0.00 109K Feb 15, 2024 Common Stock, Par Value $0.0001 Per Share 109K $3.37 Direct 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 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.
F2 On February 15, 2023, the reporting person was granted 78,947 RSUs vesting in three annual installments (33% / 33% / 34%) beginning on February 15, 2024.
F3 The option award vests in three annual installments (33% / 33% / 34%) beginning on February 15, 2025.