Form 4: STEM Inc. Chief Legal Officer Saul R. Laureles Reports Stock Transactions
SEC Form 4 Filing
Chief Legal Officer Saul R. Laureles reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On May 1, 2025, Saul R. Laureles, Chief Legal Officer of STEM, Inc., had 3,453 Restricted Stock Units (RSUs) vest.
- Following the vesting, Laureles sold 809 shares of common stock on May 2, 2025, at a price of $0.531 per share to cover tax liabilities associated with the RSU vesting.
- After these transactions, Laureles directly owns 264,792 shares of STEM, Inc. common stock.
- Laureles also directly owns 445,543 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company insider, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The sale of shares by an officer could have a minor impact on shareholder sentiment, but is likely insignificant given the context of covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| July 2, 2021 | Reporting person was granted 13,812 RSUs vesting in four annual installments beginning April 2022. |
| 05/01/2025 | Vesting of 3,453 Restricted Stock Units. |
| 05/02/2025 | Sale of 809 shares at $0.531 per share. |
| 05/05/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, STEM Inc., Saul R. Laureles, Chief Legal Officer, Stock Transaction, RSU, Restricted Stock Unit, Beneficial Ownership
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