Form 4: Stem Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Larsh Johnson, Chief Technology Officer of Stem Inc., sold shares to cover tax liabilities related to a previous share issuance.
Summary
- On March 8, 2024, Larsh Johnson, the Chief Technology Officer of Stem Inc., sold 35,880 shares of common stock at a price of $2.19 per share.
- The sale was executed to cover the reporting person's tax liability in connection with the issuance of shares previously reported on March 5, 2024.
- Following the transaction, Johnson directly owns 120,167 shares and indirectly owns 107,456 shares through a trust.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 10-04-2023 | Date of Limited Power of Attorney signing. |
| 03/05/2024 | Date of previous Form 4 filing related to share issuance. |
| 03/08/2024 | Date of the share sale transaction. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
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