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STEM Form 4/A: CFO Granted 2,500 RSUs and 1,250 Options

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Brian Musfeldt, Chief Financial Officer of STEM, Inc. (STEM), amended a Form 4 to report equity awards granted on 07/17/2025. The amendment discloses 2,500 RSUs that vest 100% on 08/07/2027, 6,750 PSUs that vest upon meeting a volume-weighted average price target over any consecutive 60 trading-day period, and 1,250 stock options with an exercise price of $9.27 that expire on 07/17/2035 and vest 100% on 08/07/2027. The amended filing corrects omissions and an earlier miscount: the original Form 4 omitted the RSUs and options and reported 5,500 PSUs instead of 6,750 PSUs. All reported awards are listed as direct holdings.

Positive

  • 2,500 RSUs granted to the CFO, vesting 100% on 08/07/2027
  • 6,750 PSUs granted with vesting tied to a 60-trading-day VWAP stock-price target
  • 1,250 stock options granted at $9.27, expiring on 07/17/2035

Negative

  • Original Form 4 omitted the RSU and option grants and understated PSUs (reported 5,500 instead of 6,750)
  • Amendment required to correct disclosure, indicating an initial compliance lapse

Insights

Amendment corrects prior disclosure errors; awards now fully reported.

The filing shows the company and its officer corrected a previously filed Form 4 to include omitted awards and to increase the reported PSU count from 5,500 to 6,750. Accurate insider reporting is important for regulatory compliance and investor transparency.

Because the amended filing documents grants made on 07/17/2025 and includes vesting schedules, it clarifies the officer's future potential ownership and resolves the earlier reporting inaccuracy.

Grants combine time-based RSUs, performance PSUs, and options with defined vesting and expiry.

The officer received 2,500 RSUs vesting on 08/07/2027, 6,750 PSUs tied to a VWAP-based 60-day stock-price target, and 1,250 options at $9.27 exercisable through 07/17/2035 with vesting on 08/07/2027. This mix uses time-based and performance-based compensation, making a portion contingent on share-price performance.

The PSU structure means vesting depends on meeting a defined 60 trading-day VWAP condition, a measurable performance trigger disclosed in the filing.

Insider Musfeldt Brian
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 2,500 $0.00 $0.00
Grant/Award Performance Stock Unit 6,750 $0.00 $0.00
Grant/Award Stock Option 1,250 $0.00 $0.00
Holdings After Transaction: Restricted Stock Unit — 2,500 shares (Direct); Performance Stock Unit — 6,750 shares (Direct); Stock Option — 1,250 shares (Direct)
Footnotes (6)
  1. F1. Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
  2. F2. On July 17, 2025, the Reporting Person was granted 2,500 RSUs vesting 100% on August 7, 2027, subject to the Reporting Person's continued service to the Issuer through the vesting date.
  3. F3. 3. This grant was inadvertently omitted from the original Form 4.
  4. F4. On July 17, 2025, the Reporting Person was granted 6,750 PSUs, a portion of which vests, if the volume-weighted average price of the Issuer's common stock for any consecutive sixty (60) trading-day period equals or exceeds a stock price target.
  5. F5. This amendment corrects an error in the original Form 4, which reported a grant of 5,500 PSUs instead of 6,750 PSUs.
  6. F6. On July 17, 2025, the Reporting Person was granted 1,250 stock options vesting 100% on August 7, 2027, subject to the Reporting Person's continued service to the Issuer through the vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did STEM (STEM) disclose in the Form 4/A for Brian Musfeldt?
The amendment reports grants on 07/17/2025 of 2,500 RSUs vesting on 08/07/2027, 6,750 PSUs tied to a 60-day VWAP target, and 1,250 options at $9.27 expiring 07/17/2035.

Why was the Form 4 amended for STEM (STEM)?
The original Form 4, filed 08/19/2025, inadvertently omitted the RSU and option grants and misreported the PSU quantity; the amendment corrects those errors.

When do the RSUs and options vest for the STEM CFO?
Both the 2,500 RSUs and the 1,250 stock options vest 100% on 08/07/2027, subject to continued service.

What performance condition applies to the PSUs reported by STEM (STEM)?
The 6,750 PSUs vest only if the company's volume-weighted average price for any consecutive 60 trading-day period equals or exceeds the specified stock-price target.

Who filed the Form 4/A for Brian Musfeldt?
The Form 4 amendment was signed by Sarah Dunn, attorney-in-fact on 10/02/2025 for the reporting person.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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. Issuer Name and Ticker or Trading Symbol
STEM, INC. [ STEM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
08/19/2025 		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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) 07/17/2025 A 2,500 (2) (2) Common Stock, Par Value $0.0001 Per Share 2,500 $0 2,500(3) D
Performance Stock Unit (1) 07/17/2025 A 6,750 (4) (4) Common Stock, Par Value $0.0001 Per Share 6,750 $0 6,750(5) D
Stock Option $9.27 07/17/2025 A 1,250 (6) 07/17/2035 Common Stock, Par Value $0.0001 Per Share 1,250 $0 1,250(3) D
Explanation of Responses:
1. Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
2. On July 17, 2025, the Reporting Person was granted 2,500 RSUs vesting 100% on August 7, 2027, subject to the Reporting Person's continued service to the Issuer through the vesting date.
3. 3. This grant was inadvertently omitted from the original Form 4.
4. On July 17, 2025, the Reporting Person was granted 6,750 PSUs, a portion of which vests, if the volume-weighted average price of the Issuer's common stock for any consecutive sixty (60) trading-day period equals or exceeds a stock price target.
5. This amendment corrects an error in the original Form 4, which reported a grant of 5,500 PSUs instead of 6,750 PSUs.
6. On July 17, 2025, the Reporting Person was granted 1,250 stock options vesting 100% on August 7, 2027, subject to the Reporting Person's continued service to the Issuer through the vesting date.
Remarks:
The original Form 4, filed on August 19, 2025, is being amended by this Form 4 amendment to (i) report grants of RSUs and stock options that were inadvertently omitted in the original Form 4 and (ii) correct the number of PSUs granted.
/s/ Sarah Dunn, attorney-in-fact 10/02/2025
** 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 4 (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.

Source: View Original Filing on SEC EDGAR