Badrinarayanan Kothandaraman - 02 Nov 2023 Form 4 Insider Report for Enphase Energy, Inc. (ENPH)

Role
President & CEO, Director
Signature
/s/ Lisan Hung, Attorney-in-Fact for Badri Kothandaraman
Issuer symbol
ENPH
Transactions as of
02 Nov 2023
Net transactions value
-$5,937,321
Form type
4
Filing time
06 Nov 2023, 18:15:33 UTC
Previous filing
23 May 2023
Next filing
20 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Options Exercise $193,500 +150,000 +13% $1.29* 1,348,581 02 Nov 2023 Direct
transaction ENPH Common Stock Tax liability $6,130,821 -77,684 -5.8% $78.92 1,270,897 02 Nov 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ENPH Stock Option (Right to Buy) Options Exercise $0 -150,000 -17% $0.000000 707,660 02 Nov 2023 Common Stock 150,000 $1.29 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by Enphase Energy, Inc. to satisfy the tax withholding obligation associated with the exercise of stock options originally granted on September 13, 2017. The Reporting Person exercised and held the remaining portion of the shares.
F2 This option is fully vested.