STEM Director Adam Daley Converts 7,486 RSUs to Shares

What Happened

• Adam Daley, a director of STEM, Inc. (STEM), had 7,486 restricted stock units (RSUs) vest and convert into 7,486 shares of common stock on August 7, 2026. The filing shows the derivative conversion (code M) resulting in an acquisition of the shares, and a corresponding disposition of the same 7,486 shares at $0.00 — indicating the shares were transferred (not sold) to related trusts rather than sold on the open market.

Key Details

• Transaction date: August 7, 2026.
• Transaction type: Conversion/exercise of derivative security (Form 4 code M); acquisition of 7,486 shares and disposition of 7,486 shares at $0.00 (no cash proceeds).
• Footnotes: F1 — each RSU converted one-for-one to a share; F4 — the 7,486 RSUs were granted June 4, 2025 and vested 100% on Aug 7, 2026; F2/F3 — shares are held by the Daley Investment Trust and Daley Revocable Trust, of which Mr. Daley is trustee.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Timeliness: Filing dated Aug 11, 2026 for an Aug 7, 2026 transaction — filed within the SEC’s typical two-business-day window.

Context

• This was not an open-market sale. The RSUs vested and converted into shares that were moved into related trusts (no cash was received), so it does not indicate a stock sale or market exit by the director.
• Code M on Form 4 covers exercises or conversions of derivative securities; here it reflects RSU vesting/conversion rather than an option exercise for cash.