Laureles Saul R. 4

What Happened Saul R. Laureles, Chief Legal Officer of STEM, had restricted stock units (RSUs) convert into 1,790 shares on February 15, 2026 (reported on Form 4). Simultaneously, 1,790 shares were disposed of at $0.00—consistent with shares withheld to cover taxes rather than an open-market sale—so there was no cash sale reported and no clear cash proceeds.

Key Details

• Transaction date: February 15, 2026; Form 4 filed February 18, 2026.
• Transactions reported: conversion/exercise of derivative (M) — 1,790 shares acquired; 1,790 shares disposed at $0.00 (tax withholding).
• Reported prices/values: acquisition price N/A; disposition price $0.00 (no cash sale reported).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 — each RSU converted one-for-one to common stock; F2 — these RSUs were from a 5,263-RSU grant on Feb 15, 2023 that vested in three equal annual installments, the third of which vested on Feb 15, 2026.
• Filing timeliness: reported within days of the transaction (no late-filing flag provided).

Context This appears to be routine vesting of RSUs with shares withheld to satisfy tax obligations (a common practice) rather than a sale indicating a change in market view. Derivative code M here reflects conversion/exercise of RSUs into shares. For investors, awards and tax-withholdings are administrative and do not necessarily imply buying or selling sentiment.