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Form of Proxy

STEM INC.

Notes

No. Proposition For Against Abstain
1

Election of Class I Director for terms expiring in 2028: Krishna Shivram

2

Election of Class I Director for terms expiring in 2028: Laura DAndrea Tyson

3

To approve an amendment and restatement of the Stem, Inc. 2024 Equity Incentive Plan to increase the number of shares available for issuance by 7,500,000 shares and to extend the plan term.

4

To approve, on a non-binding, advisory basis, the compensation of our named executive officers.

5

To ratify the selection of Deloitte & Touche LLP as the Companys independent registered public accounting firm for the year ending December 31, 2025.

6

To approve an amendment to our Certificate of Incorporation to effect a reverse stock split of our common stock at a reverse stock split ratio ranging from 10:1 to 20:1, inclusive.

7

To approve an amendment to our Certificate of Incorporation to effect a reduction in the total number of authorized shares of our common stock (which is conditioned on approval and implementation of Proposal 5).

8

To approve an adjournment of the Annual Meeting, if necessary or appropriate, to solicit additional proxies.