Robert Schaefer - 01 Mar 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
President, Transformational
Signature
/s/ Chen Zhang, attorney-in-fact
Issuer symbol
STEM
Transactions as of
01 Mar 2024
Net transactions value
-$14,744
Form type
4
Filing time
05 Mar 2024, 16:23:48 UTC
Previous filing
20 Feb 2024
Next filing
12 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 +16,747 +2.3% $0.000000 758,422 01 Mar 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Award $0 +101,096 +13% $0.000000 859,518 01 Mar 2024 Direct F4
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $14,744 -5,945 -0.69% $2.48 853,573 04 Mar 2024 Direct F5
holding STEM Common Stock, Par Value $0.0001 Per Share 268,943 01 Mar 2024 By 2021 N.R. Schaefer Legacy Trust F1
holding STEM Common Stock, Par Value $0.0001 Per Share 268,943 01 Mar 2024 By 2021 K.B. Schaefer Legacy Trust F2
holding STEM Common Stock, Par Value $0.0001 Per Share 537,886 01 Mar 2024 By Trust F3

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 -16,747 -18% $0.000000 77,573 01 Mar 2024 Common Stock, Par Value $0.0001 Per Share 16,747 $0.000000 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by the 2021 N.R. Schaefer Legacy Trust, of which the reporting person is the settlor.
F2 Held by the 2021 K.B. Schaefer Legacy Trust, of which the reporting person is the settlor.
F3 Held by the Schaefer Descendants Trust, of which the reporting person is the settlor.
F4 Shares issued in connection with bonus earned under the Issuer's 2023 annual incentive plan based on attainment of corporate performance goals.
F5 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.
F6 On March 1, 2022, the reporting person was granted 66,988 RSUs vesting in four equal annual installments beginning on March 1, 2023.