STEM (STEM) awards RSUs, PSUs and stock options to Chief Accounting Officer

Rhea-AI Filing Summary

STEM, Inc. disclosed new equity awards for Chief Accounting Officer Jeffrey T. Cabot. On January 5, 2026, he received 7,000 restricted stock units (RSUs), vesting in three nearly equal annual installments of 33%, 33% and 34% beginning March 7, 2027. He was also granted 3,500 performance stock units (PSUs), which may vest if the volume-weighted average price of STEM’s common stock meets a stock price target over any 60‑trading‑day period. In addition, Cabot received stock options on 3,500 shares at an exercise price of $18.3 per share, also vesting 33%, 33% and 34% annually starting March 7, 2027. All awards relate to STEM common stock with a par value of $0.0001 per share and are held directly.

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^*

Cabot Jeffrey T

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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

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)	01/05/2026		A		7,000		(2)	(2)	Common Stock, Par Value $0.0001 Per Share	7,000	$0	7,000	D
Performance Stock Unit	(1)	01/05/2026		A		3,500		(3)	(3)	Common Stock, Par Value $0.0001 Per Share	3,500	$0	3,500	D
Stock Option	$18.3	01/05/2026		A		3,500		(4)	01/05/2036	Common Stock, Par Value $0.0001 Per Share	3,500	$0	3,500	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

2. On January 5, 2026, the Reporting Person was granted 7,000 RSUs vesting in three nearly equal annual installments (33%,33%, 34%), beginning on March 7, 2027.

3. On January 5, 2026, the Reporting Person was granted 3,500 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.

4. On January 5, 2026, the Reporting Person was granted 3,500 stock options vesting in three nearly equal annual installments (33%,33%, 34%), beginning on March 7, 2027.

Remarks:

	/s/ Sarah Dunn, attorney-in-fact	01/07/2026
	** 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).
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FAQ

What equity awards did STEM (STEM) grant to its Chief Accounting Officer?

STEM granted Chief Accounting Officer Jeffrey T. Cabot three types of awards on January 5, 2026: 7,000 RSUs, 3,500 PSUs, and stock options on 3,500 shares with an exercise price of $18.3 per share.

How do the new RSU and stock option grants for STEMs CAO vest?

The 7,000 RSUs and 3,500 stock options granted to STEMs Chief Accounting Officer each vest in three nearly equal annual installments of 33%, 33% and 34%, beginning on March 7, 2027.

What performance condition applies to the new PSUs granted by STEM (STEM)?

The 3,500 PSUs granted on January 5, 2026 can vest in part if the volume-weighted average price of STEMs common stock for any consecutive 60 trading days equals or exceeds a specified stock price target.

What does each RSU and PSU granted by STEM represent?

Each restricted stock unit (RSU) and performance stock unit (PSU) represents a contingent right to receive one share of STEMs common stock, par value $0.0001 per share.

Are the new equity awards to STEMs Chief Accounting Officer held directly or indirectly?

The reported RSUs, PSUs, and stock options are shown as directly held by the reporting person, with no indirect ownership entity disclosed.

When do the newly granted STEM stock options expire?

The 3,500 stock options granted on January 5, 2026 are exercisable for STEM common stock at $18.3 per share and carry an expiration date of January 5, 2036.