Form 4: Stem Inc. Executive Sells Shares to Cover Tax Obligations
SEC Filing (Form 4)
Matthew Tappin, President of Asset Management at Stem Inc., sold shares to cover tax liabilities related to a previous share issuance.
Summary
- On March 8, 2024, Matthew Tappin, President of Asset Management at Stem Inc., sold 24,899 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, Tappin directly owns 41,888 shares of Stem Inc.
- Tappin has granted power of attorney to Saul R. Laureles and Chen Zhang to handle SEC filings related to Stem Inc. securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider transaction. It doesn't convey any particularly positive or negative 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 arising from equity compensation.
Key Dates
| Date | Description |
|---|---|
| 10-04-2023 | Date of Limited Power of Attorney signed. |
| 03/05/2024 | Date of Form 4 filing related to the issuance of shares that triggered the tax liability. |
| 03/08/2024 | Date of the transaction (sale of shares). |
| 03/12/2024 | Date of signature for the current Form 4 filing. |
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