Birns Ira M 4

What Happened
Ira M. Birns, a director of STEM, Inc. (STEM), received a grant of 12,168 restricted stock units (RSUs) on June 3, 2026. The Form 4 reports the acquisition as an award (transaction code A) with an acquisition price of $0.00; RSUs are a contingent right to receive common stock and do not represent immediate cash purchase or sale.

Key Details

• Transaction date: 2026-06-03; Form filed: 2026-06-04 (appears timely).
• Grant: 12,168 RSUs; reported price: $0.00 (no cash exchanged at grant).
• Vesting: 100% of the RSUs vest on June 3, 2027 (per footnote).
• Footnotes: F1—each RSU converts to one share upon vesting; F2—vesting schedule noted above.
• Shares owned after transaction: not specified in the provided excerpt.
• Exhibit: Exhibit 24 (Power of Attorney) included with the filing.

Context
RSU grants are a common form of director compensation and are contingent on future vesting; they do not indicate an immediate purchase or sale of shares. The economic value will depend on STEM’s stock price at vesting; no shares were delivered or sold at the time of this filing.