Robert Schaefer - Mar 1, 2024 Form 4 Insider Report for STEM, INC. (STEM)

Role
President, Transformational
Signature
/s/ Chen Zhang, attorney-in-fact
Stock symbol
STEM
Transactions as of
Mar 1, 2024
Transactions value $
-$14,744
Form type
4
Date filed
3/5/2024, 04:23 PM
Previous filing
Feb 20, 2024
Next filing
Mar 12, 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 +16.7K +2.26% $0.00 758K Mar 1, 2024 Direct
transaction STEM Common Stock, Par Value $0.0001 Per Share Award $0 +101K +13.33% $0.00 860K Mar 1, 2024 Direct F4
transaction STEM Common Stock, Par Value $0.0001 Per Share Sale -$14.7K -5.95K -0.69% $2.48 854K Mar 4, 2024 Direct F5
holding STEM Common Stock, Par Value $0.0001 Per Share 269K Mar 1, 2024 By 2021 N.R. Schaefer Legacy Trust F1
holding STEM Common Stock, Par Value $0.0001 Per Share 269K Mar 1, 2024 By 2021 K.B. Schaefer Legacy Trust F2
holding STEM Common Stock, Par Value $0.0001 Per Share 538K Mar 1, 2024 By Trust F3

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 -16.7K -17.76% $0.00 77.6K Mar 1, 2024 Common Stock, Par Value $0.0001 Per Share 16.7K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by the 2021 N.R. Schaefer Legacy Trust, of which the reporting person is the settlor.
F2 Held by the 2021 K.B. Schaefer Legacy Trust, of which the reporting person is the settlor.
F3 Held by the Schaefer Descendants Trust, of which the reporting person is the settlor.
F4 Shares issued in connection with bonus earned under the Issuer's 2023 annual incentive plan based on attainment of corporate performance goals.
F5 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.
F6 On March 1, 2022, the reporting person was granted 66,988 RSUs vesting in four equal annual installments beginning on March 1, 2023.