Badrinarayanan Kothandaraman - Jan 23, 2025 Form 4 Insider Report for Enphase Energy, Inc. (ENPH)

Role: President & CEO, Director
Signature: /s/ Lisan Hung, Attorney-in-Fact for Badri Kothandaraman
Stock symbol: ENPH
Transactions as of: Jan 23, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/24/2025, 07:51 PM
Previous filing: Jan 16, 2025
Next filing: Mar 4, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ENPH	Common Stock	Award	$0	+16.5K	+18.24%	$0.00	107K	Jan 23, 2025	Direct	F1
holding	ENPH	Common Stock						1.59M	Jan 23, 2025	By Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares earned as a result of the achievement of certain performance criteria, pursuant to a performance-based stock unit award originally granted on January 15, 2024 under the 2021 Equity Incentive Plan and certified by the Issuer's Compensation Committee of the Board of Directors on January 23, 2025. The shares are scheduled to vest on March 1, 2025, subject to Mr. Kothandaraman's continuous service through such date.
F2	These shares are held directly by the Trust which the Reporting Person serves as a trustee.

Content

Represents shares earned as a result of the achievement of certain performance criteria, pursuant to a performance-based stock unit award originally granted on January 15, 2024 under the 2021 Equity Incentive Plan and certified by the Issuer's Compensation Committee of the Board of Directors on January 23, 2025. The shares are scheduled to vest on March 1, 2025, subject to Mr. Kothandaraman's continuous service through such date.

These shares are held directly by the Trust which the Reporting Person serves as a trustee.