Form 4 for STEM STEM, INC.
Accepted 2023-09-28 00:00:00 ET · period of report 2023-09-26 · accession 0001758766-23-000124 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-09-28 | 2023-09-26 | STEM | Carlson Michael James | COO | M - OptEx | $0.00 | +6,089 | 6,089 | New | $0 |
| D | 2023-09-28 | 2023-09-27 | STEM | Carlson Michael James | COO | S - Sale+OE | $4.18 | -1,822 | 4,267 | -30% | -$7,616 |
| D | 2023-09-28 | 2023-09-26 | STEM | Carlson Michael James | COO | M - OptEx | $0.00 | -6,089 | 97.2K | -6% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, Par Value $0.0001 Per Share | 2023-09-26 | M | A | 6,089 | $0.00 | 6,089 | D | — | — | (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 September 26, 2022 under the Stem, Inc. 2021 Equity Incentive Plan. |
| 2 | Common | Common Stock, Par Value $0.0001 Per Share | 2023-09-27 | S | D | 1,822 | $4.18 | 4,267 | D | — | — | (F2) Represent shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. This sale is mandated by the Issuer's equity incentive plan, which requires the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent discretionary trades by the Reporting Person. |
| 3 | Derivative | Restricted Stock Unit | 2023-09-26 | M | D | 6,089 | $0.00 | 97,214 | D | — · — to — | 6,089 Common Stock, Par Value $0.0001 Per Share | (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 September 26, 2022 under the Stem, Inc. 2021 Equity Incentive Plan. (F3) The RSU award vests in four equal annual installments beginning on September 26, 2023. |