Narayanan Arun 4

What Happened

• Narayanan Arun, CEO of STEM, Inc. (STEM), had restricted stock units (RSUs) vest on March 7, 2026, converting into 18,125 shares (12,500 + 5,625). The filing shows shares were withheld/used to satisfy tax obligations in connection with that settlement, and a separate open-market sale of 5,145 shares occurred on March 10, 2026 at $11.12 per share, generating $57,212. The filing identifies the RSU settlement and related withholding as non-discretionary.

Key Details

• Transaction dates: RSU settlement (conversion) on 2026-03-07; open-market sale on 2026-03-10.
• Sale details: 5,145 shares sold at $11.12 per share for $57,212.
• RSU vesting: 12,500 shares from a 37,500 RSU grant (vests in ~3 annual installments) and 5,625 shares from an 11,250 RSU grant (vests in ~2 installments); both first installments vested March 7, 2026.
• Conversion: Each RSU converted to one share of common stock (one-for-one).
• Withholding: The filing indicates shares were automatically withheld/sold to cover tax liabilities in connection with the RSU settlement; the sell-to-cover is described as non-discretionary.
• Shares owned after these transactions: not specified in the provided filing summary.
• Filing date: Form 4 filed March 10, 2026 (reporting the March 7 vesting and March 10 sale).

Context

• These were RSU settlements (an award converting to shares), not open-market purchases; the activity is largely compensation-related. The open-market sale is described as part of sell-to-cover/tax withholding and is not presented as a discretionary trade signal. For retail investors, award settlements and tax-withholding sales are routine and do not necessarily indicate the insider's view on the company's stock.