Form 4: STEM, Inc. Executive Matthew Tappin Reports Stock Transactions
SEC Form 4 Filing
Matthew Tappin, President of Software Division at STEM, Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On February 19, 2025, Matthew Tappin, President of Software Division at STEM, Inc., engaged in transactions involving the company's stock.
- Tappin acquired 24,316 shares of common stock through the vesting of Restricted Stock Units (RSUs).
- Tappin also sold 8,130 shares of common stock at a price of $0.6267 per share on February 20, 2025, to cover tax liabilities associated with the RSU settlement.
- Following these transactions, Tappin directly owns 32,821 shares of common stock and 442,123 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, and does not inherently convey positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency into the trading activities of insiders and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the sale of shares to cover tax obligations is a common practice and unlikely to cause significant concern.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Reporting person was granted 73,684 RSUs vesting in three annual installments (33% / 33% / 34%) beginning February 2024. |
| 02/19/2025 | Date of earliest transaction; acquisition of 24,316 shares of common stock through RSU vesting. |
| 02/20/2025 | Sale of 8,130 shares of common stock at $0.6267 per share. |
| 02/21/2025 | Date of signature for the Form 4 filing. |
Keywords
STEM, Inc., Matthew Tappin, Form 4, Stock Transactions, RSU, Common Stock, Beneficial Ownership
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