4/A: Stem Inc. Director David S. Buzby Amends Previous SEC Filings Regarding Stock Ownership

David S. Buzby, a director at Stem Inc., filed an amendment to a previous SEC Form 4 to correct inaccuracies in reported stock ownership following transactions in March 2024.

Summary

• This is an amendment to a Form 4 filing by David S. Buzby, a director of Stem Inc.
• The amendment corrects errors in the number of shares directly owned by Buzby following purchases of common stock on March 15 and March 18, 2024.
• On June 20, 2023, Buzby transferred 20,498 shares to the 2016 David S. Buzby Revocable Trust.
• After correcting the errors, Buzby directly owns 62,500 shares after the March 15 transaction and 96,300 shares after the March 18 transaction.
• Buzby also indirectly owns 641,209 shares through the David S. Buzby Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a correction of a previous filing, indicating a neutral sentiment. It doesn't inherently suggest positive or negative implications for the company's performance.

Negatives

• The original Form 4 filings on March 18 and March 20, 2024, contained incorrect information regarding the number of shares directly owned by David S. Buzby.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Corrected information ensures accurate representation of insider ownership, which is important for shareholders.

Key Dates