Automatic tax sale: Stem (NYSE: STEM) executive disposes 730 shares

Rhea-AI Filing Summary

Stem, Inc. executive Michael James Carlson, President, Managed Services, reported an automatic sale of 730 shares of common stock on February 19, 2026 at $11.30 per share. The shares were sold solely to cover his tax liability from a previously settled restricted stock unit award. After this tax-withholding disposition, he directly holds 17,996 Stem shares. The filing notes this "sell to cover" transaction was not a discretionary trade by Carlson.

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^*

Carlson Michael James

(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)
	President, Managed Services

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		F(1)		730	D	$11.3	17,996	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 February 15, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.

Remarks:

	/s/ Sarah Dunn, attorney-in-fact	02/19/2026
	** 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) executive Michael James Carlson report?

Michael James Carlson reported an automatic sale of 730 shares of Stem common stock. The shares were sold on February 19, 2026, at $11.30 per share to cover tax withholding arising from a previously reported restricted stock unit settlement completed on February 15, 2026.

Was the Stem (STEM) insider stock sale by Michael James Carlson discretionary?

No, the sale was not discretionary by Michael James Carlson. The filing states the 730 shares were automatically sold to satisfy his tax liability from a restricted stock unit settlement, and explicitly notes this "sell to cover" transaction does not represent a discretionary trade by the reporting person.

How many Stem (STEM) shares does Michael James Carlson hold after the tax sale?

After the tax-withholding sale, Michael James Carlson directly holds 17,996 Stem shares. The Form 4 shows this balance as the total number of common shares owned following the automatic sale of 730 shares used to cover his tax obligations from restricted stock unit settlement.

What were the date and price for Michael James Carlson’s Stem (STEM) tax-withholding sale?

The tax-withholding sale occurred on February 19, 2026, at $11.30 per share. The transaction involved 730 shares of common stock automatically sold to cover Carlson’s tax liability from restricted stock units that settled several days earlier, on February 15, 2026.

What does this Form 4 filing indicate for Stem (STEM) shareholders?

The Form 4 records an automatic sale of 730 shares to cover one executive’s tax liability. It describes a non-discretionary "sell to cover" related to restricted stock units and does not discuss company earnings, operations, or broader strategic changes affecting Stem’s business.