Form 4: Stem Inc. CEO John Carrington Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stem Inc. CEO John Carrington sold 194,171 shares of common stock on May 2, 2024, at a price of $1.85 per share to cover tax liabilities related to the settlement of Restricted Stock Units (RSUs).
Summary
- On May 2, 2024, John Eugene Carrington, CEO and Director of STEM, INC., sold 194,171 shares of common stock.
- The sale was executed at a price of $1.85 per share.
- The transaction was conducted to cover the reporting person's tax liability in connection with the settlement of RSUs reported in a previous Form 4 filing on April 30, 2024.
- Following the transaction, Carrington directly owns 506,585 shares of STEM, INC.
- The sale was not a discretionary trade by the reporting person but an automatic 'sell to cover' transaction.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain information that would significantly sway investor sentiment positively or negatively.
Management Comments
- This 'sell to cover' transaction does not represent a discretionary trade by the reporting person.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of Form 4 filing reporting RSU settlement. |
| 05/02/2024 | Date of stock sale transaction. |
| 05/06/2024 | Date of signature on the Form 4 filing. |
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