Form 4: STEM Executive Converts RSUs, Sells Shares for Tax
Insider Transaction Report
STEM, Inc.'s President of Managed Services, Michael Carlson, converted restricted stock units into common stock and subsequently sold shares to cover tax liabilities.
Summary
- Michael Carlson, President, Managed Services at STEM, Inc., converted 13,750 restricted stock units (RSUs) into common stock on November 7, 2025.
- Following the conversion, Carlson beneficially owned 24,127 shares of common stock.
- On November 10, 2025, Carlson disposed of 6,743 shares of common stock at a price of $18.27 per share.
- This disposition was an automatic "sell to cover" transaction to satisfy tax liabilities related to the RSU settlement and was not a discretionary trade.
- After these transactions, Carlson beneficially owns 17,384 shares of common stock.
- The RSUs were granted on November 1, 2024, and vested 100% on November 7, 2025.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction filing (Form 4) detailing the conversion of restricted stock units and a subsequent 'sell to cover' transaction for tax purposes. It does not inherently indicate positive or negative sentiment about the company's performance or future prospects.
Future Outlook
No specific future outlook or guidance is provided in this routine insider transaction report.
Industry Context
This is a routine insider transaction filing (Form 4) and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Michael Carlson, President, Managed Services, granted a Limited Power of Attorney to Saul R. Laureles and Sarah Dunn to prepare, execute, and file SEC Forms (ID, 3, 4, 5, 144) on his behalf. | 11/06/2025 | Streamlines the process for insider transaction reporting, ensuring timely and compliant filings by designated attorneys-in-fact. |
Stakeholder Impact
- Shareholders: Minor, as it's a routine insider transaction for tax purposes, not a discretionary sale indicating lack of confidence.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Grant date of 13,750 Restricted Stock Units (RSUs) to Michael Carlson. |
| 11/06/2025 | Date Michael Carlson signed the Limited Power of Attorney. |
| 11/07/2025 | Vesting date for 13,750 RSUs and conversion into common stock. |
| 11/10/2025 | Date of automatic sale of 6,743 shares to cover tax liability. |
| 11/12/2025 | Date the Form 4 was signed by attorney-in-fact. |
Keywords
STEM Inc., Michael Carlson, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Sell to Cover, Equity Compensation, Officer Transaction, STEM
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