Rahul Shukla - 23 Feb 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief Accounting Officer
Signature
/s/ Chen Zhang, attorney-in-fact
Issuer symbol
STEM
Transactions as of
23 Feb 2024
Net transactions value
-$21,847
Form type
4
Filing time
26 Feb 2024, 17:50:37 UTC
Previous filing
20 Feb 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 +19,951 +235% $0.000000 28,448 23 Feb 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $21,847 -8,244 -29% $2.65 20,204 26 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 -19,951 -26% $0.000000 56,508 23 Feb 2024 Common Stock, Par Value $0.0001 Per Share 19,951 $0.000000 Direct F2
* 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 23, 2023, the reporting person was granted 60,459 RSUs vesting in three annual installments (33% / 33% / 34%) beginning on February 23, 2024.