Badrinarayanan Kothandaraman - Feb 21, 2022 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
Feb 21, 2022
Transactions value $
-$5,780,127
Form type
4
Date filed
3/3/2022, 08:05 PM
Previous filing
Dec 30, 2021
Next filing
Mar 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Award $0 +30K +3.14% $0.00 986K Feb 21, 2022 Direct F1
transaction ENPH Common Stock Sale -$5.78M -35.5K -3.6% $162.81 951K Mar 2, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On this date, the Compensation Committee certified the achievement of the performance criteria under a performance award originally granted on July 1, 2021 under the 2021 Equity Incentive Plan. The shares vested on March 1, 2022.
F2 Represents shares sold by the reporting person to satisfy the tax withholding obligation associated with the vesting of a portion of the restricted stock units (RSUs) and performance stock units (PSUs) vested on March 1, 2022.
F3 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $162.47 to $162.8161. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.