Ramnath Narayan Iyer - 12 Dec 2025 Form 4 Insider Report for Emeren Group Ltd (SOL)

Role: Director
Signature: /s/ Ramnath Iyer
Issuer symbol: SOL
Transactions as of: 12 Dec 2025
Net transactions value: -$4,000
Form type: 4
Filing time: 30 Dec 2025, 20:55:13 UTC
Previous filing: 02 Jan 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
IYER RAMNATH NARAYAN	Director	149 WATER STREET, SUITE 302, NORWALK	/s/ Ramnath Iyer	30 Dec 2025	0001973858

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOL	American Depositary Shares	Disposed to Issuer	$4,000	-2,000	-100%	$2.00	0	12 Dec 2025	Direct	F1, F2

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	SOL	Stock Option	Disposed to Issuer	$0	-6,666	-100%	$0.000000	0	12 Dec 2025	American Depositary Shares	6,666	$4.55	Direct	F3, F4
transaction	SOL	Stock Option	Disposed to Issuer	$0	-3,334	-100%	$0.000000	0	12 Dec 2025	American Depositary Shares	3,334	$4.55	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	American Depositary Shares ("ADSs") each representing ten ordinary shares of the Issuer.
F2	Disposed of pursuant to a merger agreement between the Issuer, Shurya Vitra Ltd. ("Parent"), and Emeren Holdings Ltd, a wholly owned subsidiary of Parent ("Merger Sub") (the "Merger Agreement") in exchange for gross consideration per ADS of $2.00, which was reduced by a $0.05 per ADS cancellation fee payable to the ADS depository pursuant to the terms of the deposit agreement.
F3	Represents vested stock options to purchase American Depositary Shares ("ADSs") of the Issuer, each ADS representing ten ordinary shares of the Issuer.
F4	Such options were cancelled at the effective time of the merger ("Merger") pursuant to the Merger Agreement in exchange for employee incentive awards by the surviving company of the Merger pursuant to terms and conditions to be determined by Parent.