STEM (STEM) Director Guruswamy Vasudevan Converts RSUs; Shares Withheld

What Happened

• Guruswamy Vasudevan, a director of STEM, had 7,486 restricted stock units (RSUs) convert into 7,486 shares of common stock on August 7, 2026. The Form 4 shows an acquisition (conversion) of 7,486 shares and a simultaneous disposition of 7,486 shares at $0.00 per share, so no cash proceeds are reported.
• This transaction reflects RSU vesting/conversion rather than an open-market purchase or sale. It is generally a routine issuance/settlement event, not a market buy or sell trade.

Key Details

• Transaction date: August 7, 2026; Form 4 filed August 11, 2026 (reporting the Aug 7 event).
• Acquired: 7,486 shares via conversion of RSUs (price not applicable).
• Disposed: 7,486 shares at $0.00 per share (reported as a derivative disposition).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU converted one-for-one into a share; F2 — the 7,486 RSUs were granted June 4, 2025 and vested 100% on August 7, 2026.
• Disposition at $0.00 commonly indicates shares were withheld to satisfy tax withholding or similar obligations; the filing does not show net cash proceeds from a sale.

Context

• This was a vesting/conversion of RSUs, not an open-market sale or purchase. Because the same number of shares were converted and then disposed at $0, the filing documents settlement/withholding activity rather than a trade expressing market sentiment.
• For investors tracking insider timing or regulatory timeliness: the form reports the Aug 7 transaction and was filed Aug 11, 2026. Form 4s are typically due within two business days of a reportable transaction; check the full filing for any timeliness designation or explanations.