Stem discloses separation terms with ex-CEO Carrington: $600K cash, COBRA, accelerated RSUs

STEM, INC.

Cash payment of $600,000 (12 months base salary) plus COBRA premium reimbursements up to 12 months.
All unvested stock options and RSUs forfeited; 171,428 RSUs from Closing Grant received accelerated vesting.
Vested stock options remain exercisable for 3 months after Separation Date or until original expiration, whichever earlier.
Separation Agreement executed March 24, 2025, amending prior 8-K filed Sept 16, 2024 regarding CEO departure.

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