Tax-withholding share sale by Stem (NYSE: STEM) legal chief

Rhea-AI Filing Summary

STEM, INC. Chief Legal Officer Saul R. Laureles reported an automatic sale of 292 shares of common stock at $9.67 per share. The shares were sold solely to cover his tax liability from previously reported restricted stock units that settled on March 1, 2026, and did not represent a discretionary trade. After this tax-related sale, he directly holds 25,476 shares of common stock.

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

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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^*

Laureles Saul R.

(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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. 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 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
Common Stock, Par Value $0.0001 Per Share	03/03/2026		S(1)		292	D	$9.67	25,476	D

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

Explanation of Responses:

1. Represents shares of common stock automatically sold to cover the reporting person's tax liability in connection with the previously reported settlement of restricted stock units on March 1, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.

Remarks:

	/s/ Sarah Dunn, attorney-in-fact	03/04/2026
	** 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.

FAQ

What insider transaction did STEM (STEM) disclose for Saul R. Laureles?

STEM, INC.’s Chief Legal Officer Saul R. Laureles reported an automatic sale of 292 common shares at $9.67 per share. The sale was executed solely to cover tax liabilities from previously settled restricted stock units, not as a discretionary open-market trade.

Why did Saul R. Laureles sell 292 shares of STEM (STEM) stock?

The 292 STEM shares were sold automatically to cover tax liabilities arising from the settlement of restricted stock units on March 1, 2026. According to the disclosure, this “sell to cover” transaction did not reflect a personal trading decision by Laureles.

At what price were the 292 STEM (STEM) shares sold by the legal officer?

The 292 STEM common shares were sold at an average price of $9.67 per share. This price applies to the tax-related “sell to cover” transaction used to satisfy the reporting person’s tax obligations from vested restricted stock units.

How many STEM (STEM) shares does Saul R. Laureles hold after the sale?

Following the tax-related sale, Saul R. Laureles directly holds 25,476 STEM common shares. This remaining balance reflects his continuing equity stake after disposing of 292 shares automatically to satisfy tax obligations tied to restricted stock unit settlement.

Was the STEM (STEM) insider sale by Saul R. Laureles a discretionary trade?

No. The filing states the 292-share sale was a “sell to cover” transaction, automatically executed to pay taxes on vested restricted stock units. It explicitly notes the sale does not represent a discretionary trade by the reporting person.

What role does Saul R. Laureles hold at STEM (STEM)?

Saul R. Laureles serves as Chief Legal Officer of STEM, INC. His reported transaction involved an automatic sale of 292 shares to cover tax liabilities from restricted stock units, while he continues to directly own 25,476 shares of the company’s common stock.