Array director gains shares via RSU vesting

Array Technologies director Jayanthi Iyengar reported equity compensation activity involving restricted stock units (RSUs).

Rhea-AI Filing Summary

Array Technologies director Jayanthi Iyengar reported equity compensation activity involving restricted stock units (RSUs). On May 19, 2026, 22,164 RSUs granted on May 20, 2025 vested and were converted into 22,164 shares of common stock. On the same date, Iyengar received a new grant of 22,641 RSUs that will vest on May 18, 2027 under Array’s 2020 Long-Term Incentive Plan. Following these transactions, Iyengar directly holds 73,807 shares of common stock and 22,641 RSUs, reflecting routine director compensation rather than open-market buying or selling.

Insider Trade Summary

22,164 shares exercised/converted

Exercise 3 txns

Insider Iyengar Jayanthi

Role Director

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

Holdings After Transaction: Restricted Stock Units — 22,641 contracts (Direct); Common Stock, par value $0.001 per share — 73,807 shares (Direct)

Footnotes (3)

1. F1. 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. F2. On May 20, 2025, the reporting person was granted 22,164 restricted stock units that vested on May 19, 2026.
3. F3. On May 19, 2026, the reporting person was granted 22,641 restricted stock units, which vest on May 18, 2027.

Key Figures

RSUs vested to shares: 22,164 shares New RSU grant: 22,641 RSUs Common shares held: 73,807 shares +2 more

5 metrics

RSUs vested to shares 22,164 shares RSUs granted May 20, 2025 vested on May 19, 2026

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

Common shares held 73,807 shares Direct holdings after transactions

RSUs outstanding 22,641 RSUs Unvested RSUs following new grant

Exercise/Conversion code M 1 transaction, 22,164 units Derivative exercise converting RSUs into common stock

Key Terms

Restricted Stock Units, 2020 Long-Term Incentive Plan, derivative security, grant, award, or other acquisition

4 terms

Restricted Stock Units financial

"The security title is listed as "Restricted Stock Units" in multiple transactions."

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

"Each restricted stock unit represents the right to receive... under the Issuer's 2020 Long-Term Incentive Plan."

derivative security financial

"The transaction code description notes an "Exercise or conversion of derivative security" for RSU vesting."

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.

grant, award, or other acquisition financial

"One transaction is described as "Grant, award, or other acquisition" of RSUs."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Iyengar Jayanthi report at ARRY?

Director Jayanthi Iyengar reported RSU-related transactions, including the vesting of 22,164 restricted stock units into common shares and a new grant of 22,641 RSUs. These are equity compensation events, not open-market stock purchases or sales.

How many Array Technologies shares does Iyengar Jayanthi hold after these Form 4 transactions?

After these transactions, Jayanthi Iyengar directly holds 73,807 shares of Array Technologies common stock. In addition, she holds 22,641 restricted stock units that can convert into an equal number of shares upon vesting, providing additional potential equity exposure.

What RSU grant did Iyengar Jayanthi receive from Array Technologies on May 19, 2026?

On May 19, 2026, Jayanthi Iyengar received a grant of 22,641 restricted stock units under Array Technologies’ 2020 Long-Term Incentive Plan. According to the filing, these RSUs vest on May 18, 2027, each representing the right to receive one share of common stock.

What happened to the 22,164 RSUs previously granted to Iyengar Jayanthi at ARRY?

RSUs totaling 22,164 units, granted to Jayanthi Iyengar on May 20, 2025, vested on May 19, 2026. Upon vesting, they were converted into 22,164 shares of Array Technologies common stock, increasing her direct share ownership as reported in the Form 4 filing.

Do the reported Form 4 transactions for ARRY involve any stock sales by Iyengar Jayanthi?

The reported transactions show no stock sales by Jayanthi Iyengar. They consist of RSUs vesting into 22,164 common shares and a new grant of 22,641 RSUs. The filing classifies all transactions as acquisitions related to equity compensation awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/21/2026 - 03:15 PM Learn about SEC filing dates

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^*

Iyengar Jayanthi

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	05/19/2026		M		22,164	A	$0	73,807	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)	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)