Mandy Yang - 15 Feb 2022 Form 4 Insider Report for Enphase Energy, Inc. (ENPH)

Role: Chief Financial Officer
Signature: /s/ Lisan Hung, Attorney-in-Fact for Mandy Yang
Issuer symbol: ENPH
Transactions as of: 15 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 24 Mar 2022, 16:00:58 UTC
Previous filing: 05 Nov 2021
Next filing: 03 Mar 2022
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	+40,000	+59%	$0.000000	107,524	15 Feb 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units (RSUs) issued pursuant to the 2021 Equity Incentive Plan.
F2	The RSUs will vest as follows: (a) 25% of the shares shall vest on the Initial Vesting Date on the 10th of March one year following the grant date and (b) thereafter 12.5% of the shares shall vest and become exercisable on each six-month anniversary of the Initial Vesting Date, provided that the grantee remains in Continuous Service (as defined in the Plan) from the Date of Grant through each such vesting date.

Content

Restricted Stock Units (RSUs) issued pursuant to the 2021 Equity Incentive Plan.

The RSUs will vest as follows: (a) 25% of the shares shall vest on the Initial Vesting Date on the 10th of March one year following the grant date and (b) thereafter 12.5% of the shares shall vest and become exercisable on each six-month anniversary of the Initial Vesting Date, provided that the grantee remains in Continuous Service (as defined in the Plan) from the Date of Grant through each such vesting date.