Form 4: Stem Inc. CFO William John Bush Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stem Inc.'s CFO, William John Bush, sold 46,034 shares of common stock on March 8, 2024, to cover tax liabilities related to a previous share issuance.
Summary
- On March 8, 2024, William John Bush, the Chief Financial Officer of Stem, Inc., sold 46,034 shares of the company's common stock at a price of $2.19 per share.
- This transaction was executed to cover the reporting person's tax liability in connection with the issuance of shares previously reported on March 5, 2024.
- Following the sale, Bush directly owns 345,306 shares of Stem, Inc.
- A Limited Power of Attorney was granted on October 4, 2023, appointing Saul R. Laureles and Chen Zhang to handle SEC filings on behalf of company directors and officers.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are generally viewed in the context of overall holdings and company performance.
Key Dates
| Date | Description |
|---|---|
| 2023-10-04 | Date of Limited Power of Attorney granting authority to Saul R. Laureles and Chen Zhang to handle SEC filings. |
| 2024-03-05 | Date of previous Form 4 filing related to the share issuance that triggered the tax liability. |
| 2024-03-08 | Date of the transaction where William John Bush sold 46,034 shares to cover tax liabilities. |
| 2024-03-12 | Date of signature for the Form 4 filing. |
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