Alan Russo - 28 Apr 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
Chief Revenue Officer
Signature
/s/ Chen Zhang, attorney-in-fact
Issuer symbol
STEM
Transactions as of
28 Apr 2024
Net transactions value
-$45,146
Form type
4
Filing time
30 Apr 2024, 17:21:00 UTC
Previous filing
05 Mar 2024
Next filing
28 May 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 +65,000 +39% $0.000000 232,798 28 Apr 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Options Exercise $0 +4,254 +1.8% $0.000000 237,052 28 Apr 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $45,146 -24,142 -10% $1.87 212,910 30 Apr 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 -65,000 -37% $0.000000 109,003 28 Apr 2024 Common Stock, Par Value $0.0001 Per Share 65,000 $0.000000 Direct F2
transaction STEM Restricted Stock Unit Options Exercise $0 -4,254 -3.9% $0.000000 104,749 28 Apr 2024 Common Stock, Par Value $0.0001 Per Share 4,254 $0.000000 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 July 2, 2021, the reporting person was granted 65,000 RSUs vesting 100% on April 28, 2024.
F3 On July 2, 2021, the reporting person was granted 17,018 RSUs vesting in four equal annual installments beginning on April 28, 2022.