Form 4: Stem Inc. Director Jane Woodward Disposes of Shares Following RSU Vesting
SEC Form 4 Filing
Director Jane Woodward disposed of 23,489 shares of Stem Inc. common stock on June 7, 2024, following the vesting of restricted stock units.
Summary
- On June 7, 2024, Jane Woodward, a director of Stem Inc., disposed of 23,489 shares of common stock.
- This transaction occurred following the vesting of 23,489 Restricted Stock Units (RSUs) that were granted to her on June 7, 2023, and vested 100% on June 7, 2024.
- The disposal was reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction related to RSU vesting and subsequent share disposal, which is a routine event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Reporting person was granted 23,489 RSUs vesting 100% on June 7, 2024. |
| 06/07/2024 | Date of transaction: disposal of 23,489 shares following RSU vesting. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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