Badrinarayanan Kothandaraman - 10 Mar 2022 Form 4 Insider Report for Enphase Energy, Inc. (ENPH)

Signature
/s/ Lisan Hung, Attorney-in-Fact for Badri Kothandaraman
Issuer symbol
ENPH
Transactions as of
10 Mar 2022
Net transactions value
-$13,849,247
Form type
4
Filing time
11 Mar 2022, 20:23:34 UTC
Previous filing
03 Mar 2022
Next filing
30 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Options Exercise $203,050 +155,000 +16% $1.31* 1,105,802 10 Mar 2022 Direct
transaction ENPH Common Stock Sale $1,341,377 -7,793 -0.7% $172.13 1,098,009 10 Mar 2022 Direct F1, F2
transaction ENPH Common Stock Sale $2,034,697 -11,761 -1.1% $173.00 1,086,248 10 Mar 2022 Direct F1, F3
transaction ENPH Common Stock Sale $2,651,557 -15,244 -1.4% $173.94 1,071,004 10 Mar 2022 Direct F1, F4
transaction ENPH Common Stock Sale $1,234,677 -7,056 -0.66% $174.98 1,063,948 10 Mar 2022 Direct F1, F5
transaction ENPH Common Stock Sale $1,472,488 -8,361 -0.79% $176.11 1,055,587 10 Mar 2022 Direct F1, F6
transaction ENPH Common Stock Sale $985,906 -5,569 -0.53% $177.03 1,050,018 10 Mar 2022 Direct F1, F7
transaction ENPH Common Stock Sale $967,349 -5,432 -0.52% $178.08 1,044,586 10 Mar 2022 Direct F1, F8
transaction ENPH Common Stock Sale $3,157,574 -17,634 -1.7% $179.06 1,026,952 10 Mar 2022 Direct F1, F9
transaction ENPH Common Stock Sale $206,673 -1,150 -0.11% $179.72 1,025,802 10 Mar 2022 Direct F1, F10

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 -155,000 -28% $0.000000 399,660 10 Mar 2022 Common Stock 155,000 $1.31 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $171.52 to $172.51. 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.
F3 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $172.52 to $173.50. 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.
F4 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $173.53 to $174.52. 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.
F5 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $174.53 to $175.47. 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.
F6 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $175.53 to $176.50. 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.
F7 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $176.53 to $177.47. 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.
F8 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $177.66 to $178.63. 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.
F9 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $178.67 to $179.65. 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.
F10 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $179.67 to $179.73. 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.
F11 1/4 of the total number of shares subject to the Option granted shall vest and become exercisable on April 10, 2018 and in equal monthly installments thereafter until the Option is fully vested on April 10, 2021, subject to the grantee's continuous service as defined in the Plan.