SEC Form 4 · accession 0001672864-26-000013
STEM, INC. · STEM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Saul R. Laureles
Officer — Chief Legal Officer
Period of report
Jun 30, 2026
Accepted (ET)
Jul 2, 2026 · 6:57 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001758766
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.0001 Per Share | Jun 30, 2026 | M | 5,000 | $7.81 | A | 32,450 | D | |
| Common Stock, Par Value $0.0001 Per Share | Jun 30, 2026 | M | 2,750 | $7.81 | A | 35,200 | D | |
| Common Stock, Par Value $0.0001 Per Share | Jul 2, 2026 | S | 675 | $7.85 | D | 34,525 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF2,F3 | — | Jun 30, 2026 | M | 2,750 | D | — | — | Common Stock, Par Value $0.0001 Per Share | 2,750 | 2,750 | D |
| Performance Stock UnitF2,F4 | — | Jun 30, 2026 | M | 5,000 | D | — | — | Common Stock, Par Value $0.0001 Per Share | 5,000 | 5,000 | D |
Explanation of responses
- F1Represents shares of common stock automatically sold to cover the reporting person's tax liability in connection with the settlement of PSUs on June 30, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.
- F2Each performance stock unit ("PSU") represented a contingent right to receive one share of the Issuer's common stock if the volume-weighted average price of the Issuer's common stock for any consecutive sixty (60) trading-day period equaled or exceeded $17.60 (the "Performance Metric") during a performance period ending on June 30, 2028 (the "Performance Period").
- F3On June 30, 2025, the Reporting Person was granted 5,500 PSUs, 2,750 of which vested on June 30, 2026 following the Issuer's achievement of the Performance Metric during the Performance Period.
- F4On July 28, 2025, the Reporting Person was granted 10,000 PSUs, 5,000 of which vested on June 30, 2026 following the Issuer's achievement of the Performance Metric during the Performance Period.