STEM (STEM) Director David S. Buzby Converts 7,486 RSUs to Shares

What Happened
David S. Buzby, a director of STEM, Inc., had 7,486 restricted stock units (RSUs) vest on August 7, 2026 and those RSUs converted one-for-one into 7,486 shares of common stock. The filing shows the shares were reported as acquired via conversion (derivative code M) and immediately reported as disposed at $0.00 into the 2016 David S. Buzby Revocable Trust (of which he is sole trustee). No cash proceeds or open‑market sale occurred.

Key Details

• Transaction date: August 7, 2026 (reported in Form 4 filed August 11, 2026).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion).
• Shares converted/acquired: 7,486 RSUs → 7,486 common shares (one-for-one, per footnote).
• Disposition: 7,486 shares reported disposed at $0.00 to the reporting person’s revocable trust (footnote F2).
• Grant/vesting: RSUs were granted June 4, 2025 and vested 100% on August 7, 2026 (footnote F3).
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: Form 4 was filed Aug 11, 2026 for an Aug 7 transaction (within the typical 2 business‑day reporting window).

Context
This was a conversion of vested RSUs to shares and an internal transfer to a revocable trust, not an open‑market purchase or sale — no cash changed hands and no proceeds were reported. Such conversions are routine when equity awards vest and do not by themselves indicate a buy or sell signal.