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

Role: Chief Financial Officer
Signature: /s/ Lisan Hung, Attorney-in-Fact for Mandy Yang
Stock symbol: ENPH
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/24/2022, 04:00 PM
Previous filing: Nov 5, 2021
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ENPH	Common Stock	Award	$0	+40K	+59.24%	$0.00	108K	Feb 15, 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.