STEM.NYSEStem, INC

Form 4: Stem Inc. Executive Robert Schaefer Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Stem Inc.'s President, Transformational, Robert Schaefer, sold shares to cover tax liabilities related to previously reported share issuances.

Summary

  • Robert Schaefer, President, Transformational at Stem, Inc., reported a transaction on March 8, 2024, involving the sale of 37,463 shares of common stock at a price of $2.19 per share.
  • The sale was executed to cover the reporting person's tax liability related to the issuance of shares previously reported on March 5, 2024.
  • Following the transaction, Schaefer directly owns 816,110 shares.
  • Schaefer also indirectly owns 268,943 shares through the 2021 N.R. Schaefer Legacy Trust and 268,943 shares through the 2021 K.B. Schaefer Legacy Trust, for which he is the settlor.
  • Additionally, Schaefer indirectly owns 537,886 shares by Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock sale for tax purposes, which is neutral in sentiment.

Industry Context

This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations.

Stakeholder Impact

  • The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates

DateDescription
10-04-2023Date of Limited Power of Attorney signing.
03/05/2024Date of previously reported Form 4 filing related to share issuance.
03/08/2024Date of the stock sale transaction.
03/12/2024Date of signature for the Form 4 filing.

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