STEM, Inc. (NYSE: STEM) CFO exercises PSUs, sells 996 shares for taxes
Rhea-AI Filing Summary
STEM, INC. Chief Financial Officer Brian Musfeldt reported performance-based equity activity and a related tax sale. On July 17, 2026, he exercised 3,375 Performance Stock Units, receiving 3,375 shares of common stock at $6.26 per share from a 2025 grant after a performance metric was achieved. The PSUs vested when the stock’s volume-weighted average price met or exceeded $17.60 for a 60-trading-day period within a performance period ending June 30, 2028. On July 20, 2026, 996 shares were sold at $6.11 per share solely to cover tax liabilities arising from the PSU settlement; this sell-to-cover transaction was described as non-discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Musfeldt Brian
Role
Chief Financial Officer
Sold
996 shs ($6K)
Approx. gross sale proceeds
$6K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, Par Value $0.0001 Per Share F1 | 996 | $6.11 | $6K |
| Exercise | Performance Stock Unit F2, F3 | 3,375 | $0.00 | $0.00 |
| Exercise | Common Stock, Par Value $0.0001 Per Share | 3,375 | $6.26 | $21K |
Holdings After Transaction:
Performance Stock Unit — 3,375 shares (Direct);
Common Stock, Par Value $0.0001 Per Share — 2,379 shares (Direct)
Footnotes (3)
- F1. Represents shares of common stock automatically sold to cover the reporting person's tax liability in connection with the settlement of PSUs on July 17, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.
- F2. Each performance stock unit ("PSU") represented a contingent right to receive one share of the Issuer's common stock if the volume-weighted average price of the Issuer's common stock for any consecutive sixty (60) trading-day period equaled or exceeded $17.60 (the "Performance Metric") during a performance period ending on June 30, 2028 (the "Performance Period").
- F3. On July 17, 2025, the Reporting Person was granted 6,750 PSUs, 3,375 of which vested on June 30, 2026 following the Issuer's achievement of the Performance Metric during the Performance Period.
Key Figures
Shares sold for taxes: 996 shares
Sell-to-cover price: $6.11 per share
PSUs exercised: 3,375 units
+5 more
8 metrics
Shares sold for taxes
996 shares
Automatic sell-to-cover transaction on July 20, 2026 at $6.11 per share
Sell-to-cover price
$6.11 per share
Price for 996 common shares sold to cover tax liability
PSUs exercised
3,375 units
Performance Stock Units converted into 3,375 common shares on July 17, 2026
Share value on PSU settlement
$6.26 per share
Value used for 3,375 common shares received from PSU settlement
Original PSU grant
6,750 PSUs
PSUs granted on July 17, 2025 to the CFO
Vested PSUs
3,375 PSUs
Portion of grant that vested on June 30, 2026 after meeting performance metric
Performance metric VWAP
$17.60
Volume-weighted average price threshold over any 60 trading days during performance period
Performance period end
June 30, 2028
End of performance period for the PSU performance metric
Key Terms
Performance Stock Unit, sell to cover, volume-weighted average price, Performance Period, +1 more
5 terms
Performance Stock Unit financial
"Each performance stock unit ("PSU") represented a contingent right to receive one share"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
sell to cover financial
"Represents shares of common stock automatically sold to cover the reporting person's tax liability"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
volume-weighted average price financial
"if the volume-weighted average price of the Issuer's common stock for any consecutive sixty"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
Performance Period financial
"during a performance period ending on June 30, 2028 (the "Performance Period")."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
contingent right financial
"Each performance stock unit ("PSU") represented a contingent right to receive one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did STEM (STEM) CFO Brian Musfeldt report?
Brian Musfeldt reported 3,375 PSUs exercised into 3,375 common shares on July 17, 2026, and a sale of 996 shares on July 20, 2026 to cover taxes from that PSU settlement.
What performance stock units did the STEM (STEM) CFO exercise?
He exercised 3,375 Performance Stock Units, converting them into 3,375 common shares at an effective price of $6.26 per share on July 17, 2026, following vesting of part of a 2025 PSU grant.
What performance conditions applied to the STEM (STEM) PSUs?
Each PSU gave a right to one share if the stock’s volume-weighted average price reached at least $17.60 for any consecutive 60 trading days during a performance period ending on June 30, 2028.
When were the STEM (STEM) PSUs granted and how many vested?
On July 17, 2025, the CFO was granted 6,750 PSUs. Footnotes state that 3,375 PSUs vested on June 30, 2026 after the company achieved the specified performance metric.