Kevin G. Hostetler - 18 Apr 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
18 Apr 2025
Transactions value $
-$62,621
Form type
4
Filing time
22 Apr 2025, 17:55:28 UTC
Previous 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 +35.8K +21.61% $0.00 201K 18 Apr 2025 Direct F1
transaction ARRY Common Stock, par value $0.001 per share Tax liability -$62.6K -15K -7.44% $4.18 186K 18 Apr 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 Options Exercise $0 -35.8K -100% $0.00 0 18 Apr 2025 Common Stock, par value $0.001 per share 35.8K Direct F1, F3, F4, F5
* 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 April 21, 2025.
F3 Represents restricted stock units granted on April 18, 2022.
F4 Each restricted stock unit award vests in three equal annual installments, beginning on the first anniversary of the grant date.
F5 Does not include 1,179,906 unvested restricted stock units held by the Reporting Person in connection with grants made on separate dates.