Badrinarayanan Kothandaraman - Mar 10, 2022 Form 4 Insider Report for Enphase Energy, Inc. (ENPH)

Signature
/s/ Lisan Hung, Attorney-in-Fact for Badri Kothandaraman
Stock symbol
ENPH
Transactions as of
Mar 10, 2022
Transactions value $
-$13,849,247
Form type
4
Date filed
3/11/2022, 08:23 PM
Previous filing
Mar 3, 2022
Next filing
Mar 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Options Exercise $203K +155K +16.3% $1.31* 1.11M Mar 10, 2022 Direct
transaction ENPH Common Stock Sale -$1.34M -7.79K -0.7% $172.13 1.1M Mar 10, 2022 Direct F1, F2
transaction ENPH Common Stock Sale -$2.03M -11.8K -1.07% $173.00 1.09M Mar 10, 2022 Direct F1, F3
transaction ENPH Common Stock Sale -$2.65M -15.2K -1.4% $173.94 1.07M Mar 10, 2022 Direct F1, F4
transaction ENPH Common Stock Sale -$1.23M -7.06K -0.66% $174.98 1.06M Mar 10, 2022 Direct F1, F5
transaction ENPH Common Stock Sale -$1.47M -8.36K -0.79% $176.11 1.06M Mar 10, 2022 Direct F1, F6
transaction ENPH Common Stock Sale -$986K -5.57K -0.53% $177.03 1.05M Mar 10, 2022 Direct F1, F7
transaction ENPH Common Stock Sale -$967K -5.43K -0.52% $178.08 1.04M Mar 10, 2022 Direct F1, F8
transaction ENPH Common Stock Sale -$3.16M -17.6K -1.69% $179.06 1.03M Mar 10, 2022 Direct F1, F9
transaction ENPH Common Stock Sale -$207K -1.15K -0.11% $179.72 1.03M Mar 10, 2022 Direct F1, F10

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 -155K -27.95% $0.00 400K Mar 10, 2022 Common Stock 155K $1.31 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $171.52 to $172.51. 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 $172.52 to $173.50. 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.
F4 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $173.53 to $174.52. 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.
F5 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $174.53 to $175.47. 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.
F6 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $175.53 to $176.50. 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.
F7 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $176.53 to $177.47. 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.
F8 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $177.66 to $178.63. 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.
F9 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $178.67 to $179.65. 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.
F10 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $179.67 to $179.73. 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.
F11 1/4 of the total number of shares subject to the Option granted shall vest and become exercisable on April 10, 2018 and in equal monthly installments thereafter until the Option is fully vested on April 10, 2021, subject to the grantee's continuous service as defined in the Plan.