David A. Ranhoff - Mar 15, 2024 Form 4 Insider Report for Enphase Energy, Inc. (ENPH)

Role
EVP & Chief Commercial Officer
Signature
/s/ Lisan Hung, Attorney-in-Fact for David A. Ranhoff
Stock symbol
ENPH
Transactions as of
Mar 15, 2024
Transactions value $
-$544,425
Form type
4
Date filed
3/15/2024, 07:13 PM
Previous filing
Mar 5, 2024
Next filing
Apr 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Sale -$133K -1.23K -0.95% $108.12 129K Mar 15, 2024 Direct F1, F2
transaction ENPH Common Stock Sale -$400K -3.67K -2.85% $109.11 125K Mar 15, 2024 Direct F1, F3
transaction ENPH Common Stock Sale -$11K -100 -0.08% $109.91 125K Mar 15, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 4, 2023.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $107.49 to $108.48. 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 $108.51 to $109.50. 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.