Robert Schaefer - Feb 15, 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
President, Transformational
Signature
/s/ Chen Zhang, attorney-in-fact
Stock symbol
STEM
Transactions as of
Feb 15, 2024
Transactions value $
-$24,935
Form type
4
Date filed
2/20/2024, 04:49 PM
Previous filing
Mar 17, 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 +21.7K +2.98% $0.00 750K Feb 15, 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$24.9K -7.87K -1.05% $3.17 742K Feb 16, 2024 Direct F1
holding STEM Common Stock, Par Value $0.0001 Per Share 269K Feb 15, 2024 By 2021 N.R. Schaefer Legacy Trust F2
holding STEM Common Stock, Par Value $0.0001 Per Share 269K Feb 15, 2024 By 2021 K.B. Schaefer Legacy Trust F3
holding STEM Common Stock, Par Value $0.0001 Per Share 538K Feb 15, 2024 By Trust F4

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 -21.7K -18.71% $0.00 94.3K Feb 15, 2024 Common Stock, Par Value $0.0001 Per Share 21.7K $0.00 Direct F5
* 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 Held by the 2021 N.R. Schaefer Legacy Trust, of which the reporting person is the settlor.
F3 Held by the 2021 K.B. Schaefer Legacy Trust, of which the reporting person is the settlor.
F4 Held by the Schaefer Descendants Trust, of which the reporting person is the settlor.
F5 On February 15, 2023, the reporting person was granted 65,789 RSUs vesting in three annual installments (33% / 33% / 34%) beginning on February 15, 2024.