Laureles Saul R. 4
4 · STEM, INC. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
STEM (STEM) CLO Saul R. Laureles Sells 942 Shares
What Happened Saul R. Laureles, Chief Legal Officer of STEM, had 2,916 restricted stock units (RSUs) vest and convert into common shares on March 7, 2026. Some of the vested shares were used to satisfy tax withholding related to the RSU settlement. Separately, on March 10, 2026, Laureles sold 942 shares in an open-market transaction at $11.12 per share for total proceeds of $10,475.
Key Details
- Transaction dates: RSU settlement/conversion on 2026-03-07; open-market sale on 2026-03-10.
- Open-market sale: 942 shares at $11.12 = $10,475.
- RSU conversion: 2,916 RSUs converted to 2,916 shares on 2026-03-07 (footnote F1). The filing also reports a disposition of 2,916 shares in connection with the RSU settlement (see tax withholding note).
- Footnotes: F2 indicates shares were automatically sold/withheld to cover tax liability on the RSU settlement (a nondiscretionary "sell-to-cover"); F3 notes the RSUs were part of an 8,750 RSU grant from May 28, 2024, with the second installment vesting on Mar 7, 2026.
- Shares owned after the transactions are not specified in the information provided.
- Filing: Report filed Mar 10, 2026 reporting the Mar 7 and Mar 10 activity; no late-filing flag is indicated in the provided data.
Context This filing reflects an RSU vesting event and routine tax-related withholding plus a small open-market sale. The RSU conversion is a non‑cash award vesting (not an option exercise for cash), and the tax-related disposition is nondiscretionary. Retail investors should view the open-market sale as a routine insider sale rather than a clear signal of company outlook; the conversion and withholding are part of normal compensation settlement.
Insider Transaction Report
- Exercise/Conversion
Common Stock, Par Value $0.0001 Per Share
[F1]2026-03-07+2,916→ 28,392 total - Sale
Common Stock, Par Value $0.0001 Per Share
[F2]2026-03-10$11.12/sh−942$10,475→ 27,450 total - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-03-07−2,916→ 2,918 total→ Common Stock, Par Value $0.0001 Per Share (2,916 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") converted into a share of common stock on a one-for-one basis.
- [F2]Represents shares of common stock automatically sold to cover the reporting person's tax liability in connection with the settlement of restricted stock units on March 7, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.
- [F3]On May 28, 2024, the reporting person was granted 8,750 RSUs vesting in three near equal annual installments, the second of which vested on March 7, 2026.