STEM CLO exercises RSUs, tax sell-to-cover

Rhea-AI Filing Summary

STEM, INC. Chief Legal Officer Saul R. Laureles reported routine equity compensation activity. On March 7, 2026, 2,916 restricted stock units converted into an equal number of common shares at a price of $0.00 per share.

In connection with this vesting, 942 common shares were automatically sold on March 10, 2026 at $11.12 per share to cover the related tax liability, a “sell to cover” transaction described as non-discretionary for the reporting person. After these transactions, Laureles directly holds 27,450 common shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Laureles Saul R.

Role Chief Legal Officer

Sold 942 shs ($10K)

Approx. gross sale proceeds $10K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock, Par Value $0.0001 Per Share	942	$11.12	$10K
Exercise	Restricted Stock Unit	2,916	$0.00	$0.00
Exercise	Common Stock, Par Value $0.0001 Per Share	2,916	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 2,918 contracts (Direct); Common Stock, Par Value $0.0001 Per Share — 27,450 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit ("RSU") converted into a share of common stock on a one-for-one basis.
2. F2. Represents shares of common stock automatically sold to cover the reporting person's tax liability in connection with the settlement of restricted stock units on March 7, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.
3. F3. On May 28, 2024, the reporting person was granted 8,750 RSUs vesting in three near equal annual installments, the second of which vested on March 7, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Saul R. Laureles reported vesting of 2,916 restricted stock units that converted into common shares, plus an automatic sale of 942 shares at $11.12 each to cover taxes. Following these routine transactions, he directly holds 27,450 common shares of STEM, INC.

Was the STEM (STEM) insider share sale a discretionary trade?

No. The 942-share sale at $11.12 was explicitly described as a “sell to cover” transaction to satisfy tax liabilities from RSU settlement. The filing states it does not represent a discretionary trade by Saul R. Laureles, indicating a routine, mechanistic sale tied to vesting.

How many STEM (STEM) restricted stock units vested for the CLO?

A total of 2,916 restricted stock units vested and converted into 2,916 common shares at $0.00 per share. These RSUs were part of an 8,750-unit grant awarded on May 28, 2024, with the second installment vesting on March 7, 2026.

What are Saul R. Laureles’ STEM (STEM) shareholdings after these transactions?

After the RSU conversion and related tax sale, Saul R. Laureles directly holds 27,450 common shares. This figure reflects his position following the 2,916-share RSU conversion and the automatic sale of 942 shares executed to cover associated tax obligations.

What grant is the 2,916 STEM (STEM) RSU vesting tied to?

The 2,916 RSUs that vested are from an 8,750-unit grant awarded on May 28, 2024. That grant vests in three nearly equal annual installments, and the second installment vested on March 7, 2026, triggering the conversion into common shares.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/10/2026 - 05:12 PM Learn about SEC filing dates

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 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)
03/07/2026

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	03/07/2026		M		2,916	A	(1)	28,392	D
Common Stock, Par Value $0.0001 Per Share	03/10/2026		S(2)		942	D	$11.12	27,450	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
Restricted Stock Unit	(1)	03/07/2026		M			2,916	(3)	(3)	Common Stock, Par Value $0.0001 Per Share	2,916	$0	2,918	D

Explanation of Responses:

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

2. Represents shares of common stock automatically sold to cover the reporting person's tax liability in connection with the settlement of restricted stock units on March 7, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.

3. On May 28, 2024, the reporting person was granted 8,750 RSUs vesting in three near equal annual installments, the second of which vested on March 7, 2026.

Remarks:

	/s/ Sarah Dunn, attorney-in-fact	03/10/2026
	** 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.