Form 4: Stem Inc. Executive Alan Russo Reports Stock Transactions
SEC Form 4 Filing
Alan Russo, Chief Revenue Officer of Stem Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 1, 2024, Alan Russo, Chief Revenue Officer of Stem Inc., reported transactions involving the company's stock.
- 16,747 Restricted Stock Units (RSUs) vested.
- 7,153 shares were sold at $2.48 per share to cover tax liabilities associated with the RSU vesting.
- Following these transactions, Russo directly owns 167,798 shares of Stem Inc. common stock and 174,003 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Management Comments
- The 'sell to cover' transaction does not represent a discretionary trade by the reporting person.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but the impact is likely minimal given the relatively small volume.
Key Dates
| Date | Description |
|---|---|
| 01/29/2024 | Date of Limited Power of Attorney signed by Alan Russo. |
| 03/01/2022 | Date the reporting person was granted 66,988 RSUs vesting in four equal annual installments beginning on March 1, 2023. |
| 03/01/2023 | First vesting date of RSUs granted on March 1, 2022. |
| 03/01/2024 | Vesting of 16,747 Restricted Stock Units (RSUs). |
| 03/04/2024 | Sale of 7,153 shares at $2.48 per share. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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