STEM (STEM) CLO receives RSU and PSU grants plus new shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

STEM, INC. reported that Chief Legal Officer Saul R. Laureles acquired equity-based compensation awards and shares. On February 26, 2026, he received 18,000 restricted stock units (RSUs) that vest in three nearly equal annual installments of 33%, 33%, and 34% beginning on March 7, 2027, plus 12,000 performance stock units (PSUs) that vest only if a stock price target is met based on a 60-trading-day volume-weighted average price. On March 1, 2026, 904 RSUs from a prior 2022 grant converted into 904 shares of common stock on a one-for-one basis, bringing his directly held common shares to 25,768.

Insider Trade Summary

904 shares exercised/converted

Mixed 4 txns

Insider Laureles Saul R.

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	904	$0.00	--
Exercise	Common Stock, Par Value $0.0001 Per Share	904	$0.00	--
Grant/Award	Restricted Stock Unit	18,000	$0.00	--
Grant/Award	Performance Stock Unit	12,000	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock, Par Value $0.0001 Per Share — 25,768 shares (Direct); Performance Stock Unit — 12,000 shares (Direct)

Footnotes (1)

Each restricted stock unit ("RSU") converted into a share of common stock on a one-for-one basis. Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. On February 26, 2026, the Reporting Person was granted 18,000 RSUs vesting in three nearly equal annual installments (33%, 33%, 34%), beginning on March 7, 2027. On February 26, 2026, the Reporting Person was granted 12,000 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. On March 1, 2022, the reporting person was granted 3,617 RSUs vesting in four near equal annual installments, the fourth of which vested on March 1, 2026.

Form 4 Insider Transactions: What Each Field Means →

03/02/2026 - 07:33 PM

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^*

Laureles Saul R.

(Last)

(First)

(Middle)

1400 POST OAK BOULEVARD

SUITE 560

(Street)

HOUSTON

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)
02/26/2026

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)
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	03/01/2026		M		904	A	⁽¹⁾	25,768	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)
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	⁽²⁾	02/26/2026		A		18,000		⁽³⁾	⁽³⁾	Common Stock, Par Value $0.0001 Per Share	18,000	$0	18,000	D
Performance Stock Unit	⁽²⁾	02/26/2026		A		12,000		⁽⁴⁾	⁽⁴⁾	Common Stock, Par Value $0.0001 Per Share	12,000	$0	12,000	D
Restricted Stock Unit	⁽¹⁾	03/01/2026		M			904	⁽⁵⁾	⁽⁵⁾	Common Stock, Par Value $0.0001 Per Share	904	$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. Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

3. On February 26, 2026, the Reporting Person was granted 18,000 RSUs vesting in three nearly equal annual installments (33%, 33%, 34%), beginning on March 7, 2027.

4. On February 26, 2026, the Reporting Person was granted 12,000 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. On March 1, 2022, the reporting person was granted 3,617 RSUs vesting in four near equal annual installments, the fourth of which vested on March 1, 2026.

Remarks:

	/s/ Sarah Dunn, attorney-in-fact	03/02/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

STEM disclosed that Chief Legal Officer Saul R. Laureles received new equity awards and shares. He was granted 18,000 RSUs and 12,000 PSUs on February 26, 2026, and 904 RSUs from a prior grant converted into 904 common shares on March 1, 2026.

How many restricted stock units were granted to STEM (STEM) executive Saul R. Laureles?

Saul R. Laureles was granted 18,000 restricted stock units. These RSUs vest in three nearly equal annual installments of 33%, 33%, and 34%, starting on March 7, 2027, aligning his compensation with longer-term company performance through staged vesting.

What are the terms of the performance stock units granted by STEM (STEM)?

STEM granted 12,000 performance stock units to Saul R. Laureles. Each PSU represents the right to receive one share of common stock, with vesting tied to the common stock’s volume-weighted average price meeting or exceeding a specified stock price target over a 60-trading-day period.

How many STEM (STEM) common shares does Saul R. Laureles hold after these transactions?

After the reported transactions, Saul R. Laureles directly holds 25,768 shares of STEM common stock. This includes 904 shares received on March 1, 2026, when previously granted restricted stock units converted into common shares on a one-for-one basis.

Did STEM (STEM) report any insider stock sales by Saul R. Laureles in this Form 4?

The Form 4 reports only acquisitions and conversions for Saul R. Laureles, with no sales indicated. Transactions include new grants of RSUs and PSUs and the conversion of previously granted RSUs into common shares at a price of $0.00 per share.

How do STEM (STEM) RSUs convert into common stock for Saul R. Laureles?

Each restricted stock unit converts into one share of STEM common stock. In this filing, 904 RSUs from a March 1, 2022 grant converted into 904 shares on March 1, 2026, following the vesting schedule described for that original award.