Laureles Saul R. 4

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.