STEM Director Anil Tammineedi Converts 7,486 RSUs to Shares

What Happened

• Anil Tammineedi, 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 Form 4 reports the RSU conversion (derivative transaction code M) as an acquisition of 7,486 shares and a simultaneous disposition of 7,486 shares recorded at $0.00. No cash value for the acquisition was reported on the form.

Key Details

• Transaction date: 2026-08-07; Form 4 filed: 2026-08-11, 2026 (reporting date).
• Reported transactions: 7,486 RSUs converted into 7,486 common shares (one-for-one per footnote); 7,486 shares disposed at $0.00 (reported as derivative).
• Shares reported associated with Angeleno Investors III, L.P.: 214,492 shares (Footnote F2). Mr. Tammineedi is a Principal at Angeleno Group and may be deemed to share voting and investment power over those shares.
• Grant/vesting info: These 7,486 RSUs were granted on June 4, 2025 and vested 100% on August 7, 2026 (Footnote F3).
• The filing does not state a cash sale price or total dollar value for the acquired shares.

Context

• This was a conversion/vesting of RSUs into common stock (footnote confirms one-for-one conversion). The simultaneous disposition at $0.00 is recorded on the form (forms sometimes record share withholding or other non-cash dispositions this way), but the filing itself does not specify the reason for the $0.00 disposition.
• This transaction reflects routine equity vesting for an insider rather than an open-market buy or sell; it does not by itself indicate a change in investment stance.