Robert Schaefer - 15 Feb 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
President, Transformational
Signature
/s/ Chen Zhang, attorney-in-fact
Issuer symbol
STEM
Transactions as of
15 Feb 2024
Net transactions value
-$24,935
Form type
4
Filing time
20 Feb 2024, 16:49:28 UTC
Previous filing
17 Mar 2023
Next filing
05 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 +21,710 +3% $0.000000 749,541 15 Feb 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale $24,935 -7,866 -1% $3.17 741,675 16 Feb 2024 Direct F1
holding STEM Common Stock, Par Value $0.0001 Per Share 268,943 15 Feb 2024 By 2021 N.R. Schaefer Legacy Trust F2
holding STEM Common Stock, Par Value $0.0001 Per Share 268,943 15 Feb 2024 By 2021 K.B. Schaefer Legacy Trust F3
holding STEM Common Stock, Par Value $0.0001 Per Share 537,886 15 Feb 2024 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 -21,710 -19% $0.000000 94,320 15 Feb 2024 Common Stock, Par Value $0.0001 Per Share 21,710 $0.000000 Direct 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 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 Held by the 2021 N.R. Schaefer Legacy Trust, of which the reporting person is the settlor.
F3 Held by the 2021 K.B. 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 February 15, 2023, the reporting person was granted 65,789 RSUs vesting in three annual installments (33% / 33% / 34%) beginning on February 15, 2024.