Badrinarayanan Kothandaraman - Dec 9, 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
Dec 9, 2022
Transactions value $
-$25,941,615
Form type
4
Date filed
12/13/2022, 06:00 PM
Previous filing
Sep 15, 2022
Next filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Options Exercise $117K +89.7K +8.19% $1.31* 1.18M Dec 9, 2022 Direct F1
transaction ENPH Common Stock Options Exercise $84.3K +65.3K +5.51% $1.29* 1.25M Dec 9, 2022 Direct F1
transaction ENPH Common Stock Sale -$1.86M -5.93K -0.47% $313.19 1.24M Dec 9, 2022 Direct F1, F2
transaction ENPH Common Stock Sale -$1.75M -5.57K -0.45% $314.31 1.24M Dec 9, 2022 Direct F1, F3
transaction ENPH Common Stock Sale -$2.16M -6.86K -0.55% $315.27 1.23M Dec 9, 2022 Direct F1, F4
transaction ENPH Common Stock Sale -$4.2M -13.3K -1.08% $316.48 1.22M Dec 9, 2022 Direct F1, F5
transaction ENPH Common Stock Sale -$1.76M -5.55K -0.46% $317.48 1.21M Dec 9, 2022 Direct F1, F6
transaction ENPH Common Stock Sale -$6.7M -21K -1.73% $318.36 1.19M Dec 9, 2022 Direct F1, F7
transaction ENPH Common Stock Sale -$5.41M -16.9K -1.42% $319.38 1.17M Dec 9, 2022 Direct F1, F8
transaction ENPH Common Stock Sale -$2.31M -7.21K -0.61% $320.33 1.17M Dec 9, 2022 Direct F1, F9

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 -89.7K -100% $0.00* 0 Dec 9, 2022 Common Stock 89.7K $1.31 Direct F1, F10
transaction ENPH Stock Option (Right to Buy) Options Exercise $0 -65.3K -6.53% $0.00 935K Dec 9, 2022 Common Stock 65.3K $1.29 Direct F1, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise and sale of shares pursuant to a cashless exercise effected 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 $312.85 to $313.50. 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.
F3 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $313.89 to $314.69. 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 $314.96 to $315.95. 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 $315.96 to $316.95. 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 $316.98 to $317.81. 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 $317.98 to $318.90. 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 $319.00 to $319.99. 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 $320.00 to $320.97. 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 This option is fully vested.