Array Technologies (NASDAQ: ARRY) CAO vests RSUs and covers tax via share withholding

Rhea-AI Filing Summary

Array Technologies Chief Accounting Officer James Zhu reported routine equity compensation activity. On March 18, 2026, 12,234 restricted stock units vested and were settled into 12,234 shares of common stock at an exercise price of $0.00 per share.

To cover tax withholding obligations on this vesting, 3,285 shares of common stock were withheld by Array Technologies at a price of $6.86 per share, rather than sold on the open market. After these transactions, Zhu directly owns 17,637 shares of common stock.

Footnotes state that these units were part of a 36,704‑RSU grant from March 18, 2025, vesting in three equal annual installments, and that Zhu still holds 86,634 unvested restricted stock units from grants made on separate dates.

Insights

Equity compensation analyst

Routine RSU vesting and tax withholding; no open‑market trading.

Array Technologies Chief Accounting Officer James Zhu had 12,234 restricted stock units vest and convert into common shares at an effective exercise price of $0.00. This is standard equity compensation under the company’s 2020 Long‑Term Incentive Plan.

To satisfy tax obligations, 3,285 shares were withheld at $6.86 per share, a mechanical step described in the footnotes. There were no open‑market purchases or sales, and Zhu’s post‑transaction direct holding is 17,637 common shares, with 86,634 RSUs still unvested.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zhu James

(Last) (First) (Middle)

3901 MIDWAY PLACE NE

(Street)

ALBUQUERQUE NEW MEXICO 87109

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Array Technologies, Inc. [ ARRY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	03/18/2026		M		12,234	A	(1)	20,922	D
Common Stock, par value $0.001 per share	03/18/2026		F		3,285(2)	D	$6.86	17,637	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/18/2026		M			12,234	(3)	(3)	Common Stock, par value $0.001 per share	12,234	$0	24,470(4)	D

Explanation of Responses:

1. 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.

2. 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 18, 2026.

3. On March 18, 2025, the reporting person was granted 36,704 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.

4. Does not include 86,634 unvested restricted stock units held by the Reporting Person in connection with grants made on separate dates.

Remarks:

	/s/ Ashton Wiebe as Attorney-in-Fact	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Array Technologies (ARRY) report for James Zhu?

Array Technologies reported that Chief Accounting Officer James Zhu had 12,234 restricted stock units vest into common shares. To cover taxes on this vesting, 3,285 shares were withheld by the company, leaving Zhu with 17,637 directly owned common shares after the transactions.

Did James Zhu buy or sell Array Technologies (ARRY) shares on the open market?

The filing shows no open-market buying or selling by James Zhu. Shares were acquired through RSU vesting at an exercise price of $0.00, and 3,285 shares were withheld by the issuer solely to satisfy tax obligations related to the vesting event.

How many Array Technologies shares does James Zhu hold after these transactions?

Following the reported transactions, Chief Accounting Officer James Zhu directly holds 17,637 shares of Array Technologies common stock. This figure reflects RSU vesting of 12,234 shares and the withholding of 3,285 shares to pay tax obligations associated with that vesting event.

What restricted stock unit grant is referenced for Array Technologies’ James Zhu?

The footnotes state that on March 18, 2025, James Zhu was granted 36,704 restricted stock units. These units vest in three equal annual installments, beginning on the first anniversary of the grant date, and the current Form 4 reflects vesting of a portion of this grant.

Does James Zhu have additional unvested Array Technologies (ARRY) RSUs outstanding?

Yes. The footnotes specify that James Zhu still holds 86,634 unvested restricted stock units from grants made on separate dates. These unvested RSUs represent potential future share deliveries, subject to continued vesting under the company’s equity incentive arrangements.

How were taxes handled on James Zhu’s Array Technologies RSU vesting?

Taxes on the RSU vesting were handled through share withholding. The company withheld 3,285 shares of common stock, based on the closing price of $6.86 on March 18, 2026, specifically to satisfy Zhu’s tax withholding obligations tied to the RSU settlement.