STEM Director Ira Birns Receives 7,486 Shares on RSU Vesting

What Happened
Ira M. Birns, a director of STEM, INC. (STEM), had 7,486 restricted stock units (RSUs) convert into 7,486 shares of common stock on August 7, 2026. The Form 4 reports an "acquired" entry (conversion of derivative, code M) for 7,486 shares and a matching "disposed" entry for 7,486 shares at $0.00. Footnotes state each RSU converted one-for-one and that the RSUs were granted June 4, 2025 with 100% vesting on August 7, 2026.

Key Details

• Transaction date: 2026-08-07 (reported on Form 4 filed 2026-08-11) — filing was made within the standard two business days.
• Acquisition: 7,486 shares from RSU conversion (code M); price not applicable for conversion.
• Disposal: 7,486 shares recorded at $0.00 (total $0) in the filing.
• Footnotes: F1 — RSUs converted 1:1 into common shares. F2 — RSUs were granted 6/4/2025 and vested 8/7/2026.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.

Context
This was an award vesting/conversion of RSUs (a compensation event), not an open-market buy or sale. The paired $0.00 disposal entry in Form 4 is commonly used when vested award shares are transferred or withheld (for taxes or delivery), but the filing here only specifies the conversion and grant/vesting details in the footnotes and does not give further explanation of the $0.00 disposition. Such vesting events are routine insider-compensation transactions and do not by themselves indicate a change in the director's market view.