Form 4: Stem Inc. Executive Larsh Johnson Reports Stock Sales
SEC Filing
Larsh Johnson, Chief Technology Officer of Stem Inc., reported the sale of company stock in two transactions on March 12th and 13th, 2024.
Summary
- On March 12, 2024, Larsh Johnson, the Chief Technology Officer of Stem, Inc., sold 20,000 shares of common stock at a price of $2 per share.
- Following this transaction, Johnson directly owned 100,167 shares.
- On March 13, 2024, Johnson sold an additional 21,428 shares at $2 per share, reducing direct ownership to 78,739 shares.
- Johnson also indirectly owns 107,456 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- Shareholders may interpret the stock sales as a lack of confidence in the company's future prospects, although there could be various personal financial reasons for the transactions.
Key Dates
| Date | Description |
|---|---|
| 10-04-2023 | Date of Limited Power of Attorney signed |
| 03/12/2024 | Date of first stock sale: 20,000 shares at $2 |
| 03/13/2024 | Date of second stock sale: 21,428 shares at $2 |
| 03/14/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.