Form 4: Stem, Inc. Director Exercises Restricted Stock Units
SEC Form 4 Filing
Director Gerard Cunningham exercised 12,138 Restricted Stock Units (RSUs) of Stem, Inc. on June 7, 2024, converting them into common stock.
Summary
- On June 7, 2024, Gerard Cunningham, a director of Stem, Inc., exercised 12,138 Restricted Stock Units (RSUs).
- These RSUs converted into 12,138 shares of common stock.
- Following the transaction, Cunningham directly owns 110,236 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine transaction; neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction increases the number of outstanding shares, which could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| April 19, 2024 | Reporting person was granted 12,138 RSUs vesting 100% on June 7, 2024 |
| June 7, 2024 | Director Cunningham exercised 12,138 RSUs. |
| June 10, 2024 | Date of signature on the Form 4 filing. |
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