Robert Schaefer - 01 Mar 2023 Form 4 Insider Report for STEM, INC. (STEM)

Role
President, Transformational
Signature
/s/ Kathy Medford, Attorney-in-Fact
Issuer symbol
STEM
Transactions as of
01 Mar 2023
Net transactions value
$0
Form type
4
Filing time
03 Mar 2023, 16:10:11 UTC
Previous filing
17 Feb 2023
Next filing
13 Mar 2023
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 744,578 01 Mar 2023 Direct F1
holding STEM Common Stock, Par Value $0.0001 Per Share 268,943 01 Mar 2023 By 2021 K.B. Schaefer Legacy Trust F2
holding STEM Common Stock, Par Value $0.0001 Per Share 268,943 01 Mar 2023 By 2021 N.R. Schaefer Legacy Trust F3
holding STEM Common Stock, Par Value $0.0001 Per Share 537,886 01 Mar 2023 By Trust F4

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 -13% $0.000000 116,030 01 Mar 2023 Common Stock, Par Value $0.0001 Per Share 16,747 Direct F1, F5
* 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") issued on March 1, 2022 under the Stem, Inc. 2021 Equity Incentive Plan.
F2 Held by the 2021 K.B. Schaefer Legacy Trust, of which the reporting person is the settlor.
F3 Held by the 2021 N.R. Schaefer Legacy Trust, of which the reporting person is the settlor.
F4 Held by the Schaefer Descendants Trust, of which the reporting person is the settlor.
F5 On March 1, 2022, the reporting person was granted 66,988 RSUs vesting in four equal annual installments beginning on March 1, 2023.