Matthew Tappin - 01 Mar 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role: President, Asset Management
Signature: /s/ Chen Zhang, attorney-in-fact
Issuer symbol: STEM
Transactions as of: 01 Mar 2024
Net transactions value: -$14,196
Form type: 4
Filing time: 05 Mar 2024, 16:25:05 UTC
Previous filing: 21 Feb 2024
Next filing: 07 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	+13,398	+117%	$0.000000	24,809	01 Mar 2024	Direct
transaction	STEM	Common Stock, Par Value $0.0001 Per Share	Award	$0	+51,539	+208%	$0.000000	76,348	01 Mar 2024	Direct	F1
transaction	STEM	Common Stock, Par Value $0.0001 Per Share	Sale	$14,196	-5,724	-7.5%	$2.48	70,624	04 Mar 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	-13,398	-14%	$0.000000	81,714	01 Mar 2024	Common Stock, Par Value $0.0001 Per Share	13,398	$0.000000	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.