Form 4: Stem, Inc. Executive Matthew Tappin Sells Shares Under 10b5-1 Trading Plan

Matthew Tappin, President of Asset Management at Stem, Inc., sold 3,837 shares of common stock at $2.41 per share on March 5, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 5, 2024, Matthew Tappin, President of Asset Management at Stem, Inc., sold 3,837 shares of the company's common stock.
• The sale was executed at a price of $2.41 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on November 13, 2023.
• Following the transaction, Tappin directly owns 66,787 shares of Stem, Inc.
• The Form 4 filing was signed on Tappin's behalf by Chen Zhang, attorney-in-fact, on March 7, 2024.
• A Limited Power of Attorney document was included, granting Saul R. Laureles and Chen Zhang the authority to file SEC forms on behalf of Stem, Inc. directors and officers.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, such as officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, potentially leading to concerns about the executive's confidence in the company's future performance.

Key Dates