STEM, INC. — Director's Dealing 2026

Feb 19, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEM, INC. (STEM)
CIK: 0001758766
Period of Report: 2026-02-15

Reporting Person: Carlson Michael James (President, Managed Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-15	Common Stock, Par Value $0.0001 Per Share	M	1342	—	Acquired	18726	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-15	Restricted Stock Unit	$	M	1342	Disposed		Common Stock, Par Value $0.0001 Per Share (1342)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") converted into a share of common stock on a one-for-one basis.

F2: On February 15, 2023 the reporting person was granted 3,947 RSUs vesting in three equal annual installments, the third of which vested on February 15, 2026.