Saul R. Laureles - 15 Feb 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
15 Feb 2024
Net transactions value
-$34,740
Form type
4
Filing time
20 Feb 2024, 16:57:28 UTC
Previous filing
30 Jan 2024
Next filing
05 Mar 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 +34,736 +62% $0.000000 90,962 15 Feb 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $34,740 -10,959 -12% $3.17 80,003 16 Feb 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 -34,736 -21% $0.000000 131,694 15 Feb 2024 Common Stock, Par Value $0.0001 Per Share 34,736 $0.000000 Direct F2
transaction STEM Stock Option (Right to Buy) Award $0 +90,048 $0.000000 90,048 15 Feb 2024 Common Stock, Par Value $0.0001 Per Share 90,048 $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 84,210 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.