Carlson Michael James 4

What Happened Michael Carlson, President, Managed Services at STEM, sold 730 shares on February 19, 2026. The shares were disposed at $11.30 each for total proceeds of approximately $8,249. The transaction is coded F (tax withholding) and represents an automatic "sell-to-cover" to satisfy tax liability from a prior restricted stock unit (RSU) settlement.

Key Details

• Date: 2026-02-19
• Transaction type/code: Payment of tax liability (F) — sell-to-cover
• Shares sold: 730 at $11.30 per share; proceeds ≈ $8,249
• Shares owned after transaction: Not specified in the filing
• Footnote: F1 — shares were automatically sold to cover the reporting person's tax liability related to RSUs settled on Feb 15, 2026; this was not a discretionary trade by the reporting person
• Filing timeliness: Reported and filed on 2026-02-19 (timely)

Context A "sell-to-cover" is a routine transaction used to pay withholding taxes when RSUs vest or settle. Because this sale was an automatic tax-withholding action (not a discretionary sale), it should not be read as a signal of the insider's view on STEM's stock price. Purchases by insiders are typically more indicative of bullish intent.