Array Technologies (NASDAQ: ARRY) director exercises 22,164 RSUs and receives 22,641-unit grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Array Technologies, Inc. director Orlando D. Ashford reported compensation-related equity activity. On May 19, 2026, he exercised 22,164 restricted stock units that had been granted on May 20, 2025, receiving the same number of common shares. Following this exercise, he directly held 74,333 shares of common stock.

On the same date, he also received a new grant of 22,641 restricted stock units under the company’s 2020 Long-Term Incentive Plan, scheduled to vest on May 18, 2027. These transactions reflect routine equity compensation, with no open-market purchases or sales reported.

Insider Trade Summary

22,164 shares exercised/converted

Mixed 3 txns

Insider ASHFORD ORLANDO D

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	22,164	$0.00	--
Grant/Award	Restricted Stock Units	22,641	$0.00	--
Exercise	Common Stock, par value $0.001 per share	22,164	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock, par value $0.001 per share — 74,333 shares (Direct, null)

Footnotes (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. On May 20, 2025, the reporting person was granted 22,164 restricted stock units that vested on May 19, 2026. On May 19, 2026, the reporting person was granted 22,641 restricted stock units, which vest on May 18, 2027.

Key Figures

RSUs exercised: 22,164 units New RSU grant: 22,641 units Common shares held: 74,333 shares +2 more

5 metrics

RSUs exercised 22,164 units Restricted stock units vested and exercised on May 19, 2026

New RSU grant 22,641 units Granted on May 19, 2026, vesting May 18, 2027

Common shares held 74,333 shares Direct ownership after transactions on May 19, 2026

Exercise transactions 1 transaction, 22,164 shares Derivative exercise/conversion counted in transaction summary

Acquire-side transactions 3 transactions All coded as acquisition-type events in transaction summary

Key Terms

Restricted Stock Units, 2020 Long-Term Incentive Plan, derivative security

3 terms

Restricted Stock Units financial

"Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2020 Long-Term Incentive Plan financial

"in accordance with the Issuer's 2020 Long-Term Incentive Plan"

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 03:10 PM

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
Estimated average burden
hours per response:			0.5

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^*

ASHFORD ORLANDO D

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	05/19/2026		M		22,164	A	$0	74,333	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/19/2026		M			22,164	⁽²⁾	⁽²⁾	Common Stock, par value $0.001 per share	22,164	$0	0	D
Restricted Stock Units	⁽¹⁾	05/19/2026		A		22,641		⁽³⁾	⁽³⁾	Common Stock, par value $0.001 per share	22,641	$0	22,641	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. On May 20, 2025, the reporting person was granted 22,164 restricted stock units that vested on May 19, 2026.

3. On May 19, 2026, the reporting person was granted 22,641 restricted stock units, which vest on May 18, 2027.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Ashton Wiebe as Attorney-in-Fact	05/21/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Array Technologies (ARRY) director Orlando Ashford report on this Form 4?

He reported exercising 22,164 previously granted restricted stock units into common shares and receiving a new grant of 22,641 restricted stock units, all as equity compensation rather than open-market stock purchases or sales.

How many Array Technologies shares does Orlando Ashford hold after these transactions?

After exercising 22,164 restricted stock units into common shares, Orlando Ashford directly holds 74,333 shares of Array Technologies common stock, according to the Form 4 totals provided for his post-transaction ownership position.

What are the details of the new restricted stock unit grant reported for ARRY?

On May 19, 2026, Orlando Ashford received a grant of 22,641 restricted stock units under Array Technologies’ 2020 Long-Term Incentive Plan, with these units scheduled to vest on May 18, 2027, subject to the plan’s normal vesting conditions.

Were there any open-market stock sales or purchases by the ARRY director in this filing?

No. The filing shows only equity compensation activity: the exercise of 22,164 restricted stock units into common shares and a new grant of 22,641 restricted stock units, with no open-market buys or sells reported.

What does the vesting of 22,164 restricted stock units mean for Array Technologies’ director?

Vesting of 22,164 restricted stock units means those units converted into the same number of Array Technologies common shares on May 19, 2026, increasing the director’s direct stock ownership under the company’s long-term incentive plan.