MICHAEL C. MORGAN - 28 Apr 2022 Form 4 Insider Report for STEM, INC. (STEM)

Role
Director
Signature
/s/ Kathy Medford, Attorney-in-Fact
Issuer symbol
STEM
Transactions as of
28 Apr 2022
Transactions value $
$0
Form type
4
Filing time
29 Apr 2022, 07:22:07 UTC
Previous filing
21 Apr 2022
Next filing
20 May 2022
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 +5.52K $0.00 5.52K 28 Apr 2022 Direct F1
holding STEM Common Stock, Par Value $0.0001 Per Share 1.18M 28 Apr 2022 Held by Portcullis Investments, LP F2
holding STEM Common Stock, Par Value $0.0001 Per Share 50K 28 Apr 2022 Held by Portcullis Partners, LP F3
holding STEM Common Stock, Par Value $0.0001 Per Share 542K 28 Apr 2022 By Trust F4
holding STEM Common Stock, Par Value $0.0001 Per Share 37.5K 28 Apr 2022 By Trust F5
holding STEM Common Stock, Par Value $0.0001 Per Share 37.5K 28 Apr 2022 By Trust F6

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 -5.52K -100% $0.00* 0 28 Apr 2022 Common Stock, Par Value $0.0001 Per Share 5.52K Direct F1, F7
* 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 issued to the reporting person upon vesting of restricted stock units ("RSUs") that were issued to the reporting person on July 2, 2021 under the Stem, Inc. 2021 Equity Incentive Plan.
F2 The reporting person serves as Manager of the general partner, Portcullis G.P., LLC, for, and he and his spouse indirectly hold interests in, Portcullis Investments, L.P. The reporting person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3 The reporting person serves as Manager of the general partner, Portcullis G.P., LLC, for, and he and his spouse indirectly hold interests in, Portcullis Partners, L.P. The reporting person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F4 Held by a trust of which the reporting person is a trustee.
F5 Held by a family trust (M GST) of which the reporting person is an investment adviser.
F6 Held by a family trust (C GST) of which the reporting person is an investment adviser.
F7 On July 2, 2021, the reporting person was granted 5,524 RSUs vesting 100% on April 28, 2021.