Kevin G. Hostetler - 17 Mar 2025 Form 4 Insider Report for Array Technologies, Inc. (ARRY)

Role
Chief Executive Officer, Director
Signature
/s/ Christopher Fox as Attorney-in-Fact
Issuer symbol
ARRY
Transactions as of
17 Mar 2025
Transactions value $
-$89,731
Form type
4
Filing time
19 Mar 2025, 19:38:23 UTC
Previous filing
14 Mar 2025
Next filing
27 Mar 2025
SEC
View on sec.gov

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 Options Exercise $0 +35.1K +24.21% $0.00 180K 17 Mar 2025 Direct F1
transaction ARRY Common Stock, par value $0.001 per share Tax liability -$89.7K -14.7K -8.16% $6.10 166K 17 Mar 2025 Direct F2

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 ARRY Restricted Stock Units Award $0 +334K +61.79% $0.00 876K 18 Mar 2025 Common Stock, par value $0.001 per share 334K Direct F1, F3
transaction ARRY Restricted Stock Units Options Exercise $0 -35.1K -4.01% $0.00 840K 17 Mar 2025 Common Stock, par value $0.001 per share 35.1K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2020 Long-Term Incentive Plan.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units. The number of shares withheld is based on the closing price of the Issuer's common stock on March 17, 2025.
F3 Each restricted stock unit award vests in three equal annual installments, beginning on the first anniversary of the grant date.