Badrinarayanan Kothandaraman - Feb 9, 2024 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
Feb 9, 2024
Transactions value $
-$35,609,997
Form type
4
Date filed
2/12/2024, 05:53 PM
Previous filing
Jan 26, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Options Exercise $719K +558K +40.12% $1.29* 1.95M Feb 9, 2024 Direct
transaction ENPH Common Stock Tax liability -$36.3M -297K -15.23% $122.47 1.65M Feb 9, 2024 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 -558K -100% $0.00* 0 Feb 9, 2024 Common Stock 558K $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.