STEM, Inc. (STEM) director gets 7,486 shares from RSU vesting

Q: What insider transaction did STEM (STEM) director Adam Daley report?

Adam Daley reported the vesting and conversion of 7,486 Restricted Stock Units into common stock on August 7, 2026 . This was recorded as an exercise/conversion of derivative securities into an equal number of STEM common shares.

Q: How many STEM (STEM) shares does Adam Daley hold directly after this Form 4?

After the reported transactions, Adam Daley directly holds 19,535 shares of STEM common stock. This reflects the addition of 7,486 shares from RSU vesting and conversion on August 7, 2026.

Q: What were the terms of the RSUs reported by Adam Daley for STEM (STEM)?

Daley’s 7,486 RSUs were granted on June 4, 2025 and vested 100% on August 7, 2026 . Each RSU converted into one share of STEM common stock on a one-for-one basis, according to the footnotes.

Q: Does Adam Daley have indirect ownership of STEM (STEM) shares?

Yes. Daley has indirect ownership of 4,812 STEM shares through the Daley Investment Trust and 4,638 shares through the Daley Revocable Trust , where he serves as trustee for each trust.

Q: Was Adam Daley’s STEM (STEM) transaction under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked , indicating the reported August 7, 2026 RSU vesting and share conversion were not affirmed as executed under a Rule 10b5-1 trading plan.

Q: Did Adam Daley sell any STEM (STEM) shares in this Form 4?

No sales are reported. The Form 4 shows an exercise/conversion of 7,486 RSUs into common stock and updated direct and indirect share holdings, without any sale transaction code or sale price.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

STEM, INC. director Adam Daley reported the vesting and conversion of 7,486 Restricted Stock Units into an equal number of common shares on August 7, 2026; these RSUs were granted on June 4, 2025 and vested 100% on that date. Following the conversion, Daley directly holds 19,535 common shares and indirectly holds 4,812 shares through the Daley Investment Trust and 4,638 shares through the Daley Revocable Trust.

Insider Trade Summary

Net Buyer: 7,486 shares

Net Buy 4 txns

Insider Daley Adam

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit ^{F1, F4}	7,486	$0.00	$0.00
Exercise	Common Stock, Par Value $0.0001 Per Share ^F1	7,486	--	--
holding	Common Stock, Par Value $0.0001 Per Share ^F2	--	--	--
holding	Common Stock, Par Value $0.0001 Per Share ^F3	--	--	--

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock, Par Value $0.0001 Per Share — 19,535 shares (Direct); Common Stock, Par Value $0.0001 Per Share — 4,812 shares (Indirect, By Daley Investment Trust); Common Stock, Par Value $0.0001 Per Share — 4,638 shares (Indirect, By Daley Revocable Trust)

Footnotes (4)

F1. Each restricted stock unit ("RSU") converted into a share of common stock on a one-for-one basis.
F2. Held by the Daley Investment Trust, of which the reporting person is a trustee.
F3. Held by Daley Revocable Trust, of which the Reporting Person is a trustee.
F4. On June 4, 2025, the reporting person was granted 7,486 RSUs vesting 100% on August 7, 2026.

Key Figures

RSUs vested and converted: 7,486 units Direct common shares after transaction: 19,535 shares Daley Investment Trust holdings: 4,812 shares +3 more

6 metrics

RSUs vested and converted 7,486 units Restricted Stock Units converting one-for-one into common stock on August 7, 2026

Direct common shares after transaction 19,535 shares Direct ownership of STEM common stock following RSU conversion

Daley Investment Trust holdings 4,812 shares Indirect ownership via Daley Investment Trust, with Daley as trustee

Daley Revocable Trust holdings 4,638 shares Indirect ownership via Daley Revocable Trust, with Daley as trustee

RSU grant date June 4, 2025 Grant date of 7,486 RSUs that vested 100% on August 7, 2026

RSU vesting date August 7, 2026 Date when 7,486 RSUs vested 100% and converted to common stock

Key Terms

Restricted Stock Unit, Daley Investment Trust, Daley Revocable Trust, indirect ownership

4 terms

Restricted Stock Unit financial

"Each restricted stock unit ("RSU") converted into a share of common stock"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Daley Investment Trust financial

"Held by the Daley Investment Trust, of which the reporting person is a trustee."

Daley Revocable Trust financial

"Held by Daley Revocable Trust, of which the Reporting Person is a trustee."

indirect ownership financial

"direct_or_indirect": "I","nature_of_ownership": "By Daley Investment Trust""

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/11/2026 - 09:22 PM Accepted by SEC EDGAR 08/11/2026 - 09:21 PM

FAQ

What insider transaction did STEM (STEM) director Adam Daley report?

Adam Daley reported the vesting and conversion of 7,486 Restricted Stock Units into common stock on August 7, 2026. This was recorded as an exercise/conversion of derivative securities into an equal number of STEM common shares.

How many STEM (STEM) shares does Adam Daley hold directly after this Form 4?

After the reported transactions, Adam Daley directly holds 19,535 shares of STEM common stock. This reflects the addition of 7,486 shares from RSU vesting and conversion on August 7, 2026.

What were the terms of the RSUs reported by Adam Daley for STEM (STEM)?

Daley’s 7,486 RSUs were granted on June 4, 2025 and vested 100% on August 7, 2026. Each RSU converted into one share of STEM common stock on a one-for-one basis, according to the footnotes.

Does Adam Daley have indirect ownership of STEM (STEM) shares?

Yes. Daley has indirect ownership of 4,812 STEM shares through the Daley Investment Trust and 4,638 shares through the Daley Revocable Trust, where he serves as trustee for each trust.

Was Adam Daley’s STEM (STEM) transaction under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked, indicating the reported August 7, 2026 RSU vesting and share conversion were not affirmed as executed under a Rule 10b5-1 trading plan.

Did Adam Daley sell any STEM (STEM) shares in this Form 4?

No sales are reported. The Form 4 shows an exercise/conversion of 7,486 RSUs into common stock and updated direct and indirect share holdings, without any sale transaction code or sale price.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Daley Adam

(Last)

(First)

(Middle)

1400 POST OAK BLVD

SUITE 560

(Street)

HOUSTON

TEXAS

77056

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, Par Value $0.0001 Per Share	08/07/2026		M		7,486	A	⁽¹⁾	19,535	D
Common Stock, Par Value $0.0001 Per Share								4,812	I	By Daley Investment Trust⁽²⁾
Common Stock, Par Value $0.0001 Per Share								4,638	I	By Daley Revocable Trust⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	08/07/2026		M			7,486	⁽⁴⁾	⁽⁴⁾	Common Stock, Par Value $0.0001 Per Share	7,486	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") converted into a share of common stock on a one-for-one basis.

2. Held by the Daley Investment Trust, of which the reporting person is a trustee.

3. Held by Daley Revocable Trust, of which the Reporting Person is a trustee.

4. On June 4, 2025, the reporting person was granted 7,486 RSUs vesting 100% on August 7, 2026.

Remarks:

	/s/ Sarah Dunn, attorney-in-fact	08/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR