Nipul M. Patel - 14 Aug 2023 Form 4 Insider Report for Array Technologies, Inc. (ARRY)

Signature
/s/ Tyson Hottinger, as Attorney-in-Fact
Issuer symbol
ARRY
Transactions as of
14 Aug 2023
Net transactions value
-$1,262,190
Form type
4
Filing time
15 Aug 2023, 19:16:01 UTC
Previous filing
21 Mar 2023
Next filing
01 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARRY Common Stock, par value $0.001 per share Sale $1,262,190 -54,593 -40% $23.12 82,827 14 Aug 2023 Direct
* 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).