Form 4: Stem, Inc. Chief Technology Officer Albert Hofeldt Reports Stock Transactions

Stem, Inc.'s Chief Technology Officer, Albert Hofeldt, reports the acquisition and disposal of common stock and restricted stock units (RSUs).

Summary

• On February 19, 2025, Albert Hofeldt, Chief Technology Officer of Stem, Inc., acquired 47,138 shares of common stock through the vesting of Restricted Stock Units (RSUs).
• On February 19, 2025, 47,138 shares were disposed of.
• On February 20, 2025, Hofeldt sold 13,294 shares of common stock at a price of $0.6267 per share.
• Following these transactions, Hofeldt directly owns 185,863 shares of Stem, Inc. common stock and 476,369 derivative securities.
• The sale of shares on February 20, 2025, was to cover the reporting person's tax liability in connection with the settlement of RSUs and does not represent a discretionary trade.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company insider, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The transactions may provide shareholders with insights into management's perspective on the company's stock value.
• The sale of shares to cover tax liabilities is a common practice and may not significantly impact stakeholders.

Key Dates

Keywords

Form 4, Albert Hofeldt, STEM, Stock Transactions, Restricted Stock Units, Common Stock, Beneficial Ownership, Officer, Chief Technology Officer