STEM (STEM) Form 3: Brian Musfeldt Discloses No Beneficial Ownership

Rhea-AI Filing Summary

STEM, Inc. reporting person Brian Musfeldt filed an initial Form 3 disclosing his relationship to the company as Chief Financial Officer and Director. The event date triggering the filing is 07/17/2025. The filing states no securities are beneficially owned by the reporting person and includes an executed signature by attorney-in-fact Sarah Dunn dated 08/19/2025.

Positive

• Reporting transparency: an initial Form 3 was filed for the officer/director role
• Clear role disclosure: the reporting person is identified as Chief Financial Officer and Director

Negative

• No beneficial ownership reported by the CFO/director as of the filing
• Potential alignment concern: absence of disclosed equity could be noted by investors evaluating incentives

Insights

Corporate Governance Analyst

Form 3 shows the CFO/director reported no beneficial ownership as of the filing date.

The filing records that Brian Musfeldt is both an officer (Chief Financial Officer) and a director and that the triggering event date was 07/17/2025. The form explicitly states no securities are beneficially owned, which means there are no reported stock holdings, options, or other equity interests listed on this initial disclosure.

This absence of reported ownership is a clear, current fact; stakeholders may note it when assessing alignment of executive incentives with shareholders. The document is formally executed by attorney-in-fact Sarah Dunn on 08/19/2025, confirming the filing step was completed.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Musfeldt Brian

(Last) (First) (Middle)

1400 POST OAK BOULEVARD

SUITE 560

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/17/2025

3. Issuer Name and Ticker or Trading Symbol
STEM, INC. [ STEM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Sarah Dunn, attorney-in-fact	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does STEM's Form 3 filed by Brian Musfeldt report?

The Form 3 reports that Brian Musfeldt is the company's Chief Financial Officer and a Director, and that he does not beneficially own any securities as of the filing.

When was the event requiring STEM Form 3 recorded?

The event date recorded on the form is 07/17/2025.

Who signed the Form 3 for Brian Musfeldt and when?

The form bears a signature by attorney-in-fact Sarah Dunn dated 08/19/2025.

Does the Form 3 list any securities, options, or derivatives for the reporting person?

No. The filing explicitly states: No securities are beneficially owned and lists no non-derivative or derivative holdings.

Is this Form 3 an initial or an amendment filing for STEM?

This document is an initial Form 3 (Initial Statement of Beneficial Ownership).