Badrinarayanan Kothandaraman - Jan 26, 2023 Form 4 Insider Report for Enphase Energy, Inc. (ENPH)

Role: President & CEO, Director
Signature: /s/ Lisan Hung, Attorney-in-Fact for Badri Kothandaraman
Stock symbol: ENPH
Transactions as of: Jan 26, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/27/2023, 06:38 PM
Previous filing: Dec 16, 2022
Next filing: Mar 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ENPH	Common Stock	Award	$0	+32K	+2.83%	$0.00	1.16M	Jan 26, 2023	Direct	F1
transaction	ENPH	Common Stock	Award	$0	+16K	+1.38%	$0.00	1.18M	Jan 26, 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On this date, the Compensation Committee of Enphase Energy, Inc. (the "Company") certified the achievement of the performance criteria related to the performance of Company goals during 2022 at 100% of target under a performance-based stock unit award originally granted by the Compensation Committee on April 8, 2022 under the 2021 Equity Incentive Plan (the "2021 Plan"). The shares are scheduled to vest on March 1, 2023, subject to Mr. Kothandaraman's continuous service through such date.
F2	On this date, the Compensation Committee of the Company certified the achievement of the performance criteria related to the performance of individual goals during 2022 at 100% of target under a performance-based stock unit award originally granted by the Compensation Committee on April 8, 2022 under the 2021 Plan. The shares are scheduled to vest on March 1, 2023, subject to Mr. Kothandaraman's continuous service through such date.

Content

On this date, the Compensation Committee of Enphase Energy, Inc. (the "Company") certified the achievement of the performance criteria related to the performance of Company goals during 2022 at 100% of target under a performance-based stock unit award originally granted by the Compensation Committee on April 8, 2022 under the 2021 Equity Incentive Plan (the "2021 Plan"). The shares are scheduled to vest on March 1, 2023, subject to Mr. Kothandaraman's continuous service through such date.

On this date, the Compensation Committee of the Company certified the achievement of the performance criteria related to the performance of individual goals during 2022 at 100% of target under a performance-based stock unit award originally granted by the Compensation Committee on April 8, 2022 under the 2021 Plan. The shares are scheduled to vest on March 1, 2023, subject to Mr. Kothandaraman's continuous service through such date.