Narayanan Arun 4
4 · STEM, INC. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
STEM CEO Narayanan Arun Exercises PSUs, Sells 1,996 Shares
What Happened
Narayanan Arun, CEO of STEM, reported the conversion of 8,125 performance stock units (PSUs) into 8,125 shares on June 30, 2026 (acquired at $7.81/share, total $63,456). The filing also shows an automatic sell-to-cover of 8,125 shares related to tax withholding (reported as a derivative disposition at $0.00) and an open-market sale of 1,996 shares on July 2, 2026 at $7.85/share (total $15,669). The sell-to-cover was not a discretionary trade by the reporting person.
Key Details
- Transaction dates and prices:
- 2026-06-30: Conversion of 8,125 PSUs into 8,125 shares at $7.81 each (Acquired) — $63,456.
- 2026-06-30: 8,125 shares reported disposed at $0.00 — represents automatic sell-to-cover for taxes (footnote F1).
- 2026-07-02: Open-market sale of 1,996 shares at $7.85 each — $15,669.
- Shares owned after transaction: not specified in the filing.
- Footnotes of note:
- F1: Sell-to-cover to satisfy tax liability on PSU settlement (not discretionary).
- F2/F3: 16,250 PSUs were granted 6/30/2025; 8,125 of those vested on 6/30/2026 after the stated performance metric was met.
- Filing date: Report filed July 2, 2026 — appears timely with respect to the reported transactions.
Context
PSUs are performance-based awards that convert to shares when specified vesting conditions are met. Here, half of the originally granted PSUs vested and converted to shares; part of the resulting issuance was used to cover taxes (a common, administrative "sell-to-cover" action). The separate open-market sale of 1,996 shares was a standard sale reported by the CEO; the filing does not indicate it was part of a pre-arranged 10b5-1 plan.
Insider Transaction Report
- Exercise/Conversion
Common Stock, Par Value $0.0001 Per Share
2026-06-30$7.81/sh+8,125$63,456→ 21,105 total - Sale
Common Stock, Par Value $0.0001 Per Share
[F1]2026-07-02$7.85/sh−1,996$15,669→ 19,109 total - Exercise/Conversion
Performance Stock Unit
[F2][F3]2026-06-30−8,125→ 8,125 total→ Common Stock, Par Value $0.0001 Per Share (8,125 underlying)
Footnotes (3)
- [F1]Represents shares of common stock automatically sold to cover the reporting person's tax liability in connection with the settlement of PSUs on June 30, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.
- [F2]Each performance stock unit ("PSU") represented a contingent right to receive one share of the Issuer's common stock if the volume-weighted average price of the Issuer's common stock for any consecutive sixty (60) trading-day period equaled or exceeded $17.60 (the "Performance Metric") during a performance period ending on June 30, 2028 (the "Performance Period").
- [F3]On June 30, 2025, the Reporting Person was granted 16,250 PSUs, 8,125 of which vested on June 30, 2026 following the Issuer's achievement of the Performance Metric during the Performance Period.