Badrinarayanan Kothandaraman - May 19, 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
May 19, 2023
Transactions value $
-$6,430,867
Form type
4
Date filed
5/23/2023, 04:47 PM
Previous filing
Mar 31, 2023
Next filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENPH Common Stock Options Exercise $99.3K +77K +6.63% $1.29* 1.24M May 19, 2023 Direct F1
transaction ENPH Common Stock Tax liability -$6.53M -40.2K -3.25% $162.37 1.2M May 19, 2023 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 ENPH Stock Option (Right to Buy) Options Exercise $0 -77K -8.24% $0.00 858K May 19, 2023 Common Stock 77K $1.29 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 166 shares that were acquired under the Enphase Energy, Inc. 2011 Employee Stock Purchase Plan.
F2 Represents shares withheld by Enphase Energy, Inc. to satisfy the tax withholding obligation associated with the exercise of stock options originally granted on September 13, 2017. The Reporting Person exercised and held the remaining portion of the shares.
F3 This option is fully vested.