Matthew Tappin - Mar 1, 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
President, Asset Management
Signature
/s/ Chen Zhang, attorney-in-fact
Stock symbol
STEM
Transactions as of
Mar 1, 2024
Transactions value $
-$14,196
Form type
4
Date filed
3/5/2024, 04:25 PM
Previous filing
Feb 21, 2024
Next filing
Mar 7, 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 +13.4K +117.41% $0.00 24.8K Mar 1, 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Award $0 +51.5K +207.74% $0.00 76.3K Mar 1, 2024 Direct F1
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$14.2K -5.72K -7.5% $2.48 70.6K Mar 4, 2024 Direct F2

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 -13.4K -14.09% $0.00 81.7K Mar 1, 2024 Common Stock, Par Value $0.0001 Per Share 13.4K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued in connection with bonus earned under the Issuer's 2023 annual incentive plan based on attainment of corporate performance goals.
F2 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.
F3 On March 1, 2022, the reporting person was granted 53,590 RSUs vesting in four equal annual installments beginning on March 1, 2023.