Badrinarayanan Kothandaraman - Dec 6, 2023 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 6, 2023
Transactions value $
-$8,141,500
Form type
4
Date filed
12/7/2023, 06:06 PM
Previous filing
Nov 20, 2023
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Options Exercise $194K +150K +11.79% $1.29* 1.42M Dec 6, 2023 Direct
transaction ENPH Common Stock Tax liability -$8.34M -78.1K -5.49% $106.77 1.34M Dec 6, 2023 Direct F1

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 -150K -21.2% $0.00 558K Dec 6, 2023 Common Stock 150K $1.29 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by Enphase Energy, Inc. to satisfy the tax withholding obligation associated with the exercise of stock options originally granted on September 13, 2017. The Reporting Person exercised and held the remaining portion of the shares.
F2 This option is fully vested.