Array Technologies (NASDAQ: ARRY) CEO nets shares from RSU vesting

Rhea-AI Filing Summary

Array Technologies, Inc. Chief Executive Officer Kevin G. Hostetler reported routine equity compensation activity involving restricted stock units that vested into common stock. On March 17 and 18, he exercised derivative awards totaling 160,217 restricted stock units into the same number of common shares at a conversion price of $0.00 per share.

To cover tax withholding obligations tied to these vesting events, the company withheld 67,052 common shares, valued using closing prices of $6.99 and $6.86 on the respective dates. Following these transactions, Hostetler directly holds 324,266 shares of common stock, and footnotes indicate an additional 632,287 unvested restricted stock units from prior grants that are not yet settled.

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

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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^*

Hostetler Kevin G.

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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	03/17/2026		M		35,150	A	(1)	266,251	D
Common Stock, par value $0.001 per share	03/17/2026		F		14,711(2)	D	$6.99	251,540	D
Common Stock, par value $0.001 per share	03/18/2026		M		125,067	A	(1)	376,607	D
Common Stock, par value $0.001 per share	03/18/2026		F		52,341(3)	D	$6.86	324,266	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)	03/17/2026		M			35,150	(4)	(4)	Common Stock, par value $0.001 per share	35,150	$0	0	D
Restricted Stock Units	(1)	03/18/2026		M			125,067	(5)	(5)	Common Stock, par value $0.001 per share	125,067	$0	250,136(6)	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 17, 2026.

3. 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.

4. On March 17, 2023, the reporting person was granted 105,448 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.

5. On March 18, 2025, the reporting person was granted 375,203 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.

6. Does not include 632,287 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 ARRY CEO Kevin Hostetler report on this Form 4?

Kevin Hostetler reported vesting of restricted stock units that converted into 160,217 shares of Array Technologies common stock. These transactions reflect routine equity compensation settlement rather than open-market buying or selling of shares by the CEO.

Did the ARRY CEO buy or sell shares on the open market in this filing?

The filing shows no open-market purchases or sales. Instead, it records RSU vesting into common shares and shares withheld by the company to satisfy tax obligations, which are not discretionary market trades by the CEO.

How many Array Technologies shares were withheld for taxes in this Form 4?

The company withheld 67,052 Array Technologies common shares to cover tax obligations on RSU vesting. This includes 14,711 shares based on a $6.99 closing price and 52,341 shares based on a $6.86 closing price on the respective vesting dates.

How many Array Technologies shares does the CEO hold after these transactions?

After these transactions, Kevin Hostetler directly holds 324,266 shares of Array Technologies common stock. This reflects his position after RSUs converted to shares and a portion of those shares was withheld to satisfy tax withholding requirements.

What unvested equity awards does the ARRY CEO still have outstanding?

Footnotes state the CEO holds 632,287 unvested restricted stock units from grants made on separate dates. These RSUs represent future potential shares that will be delivered only as they vest under Array Technologies’ long-term incentive plan.

What were the original RSU grants referenced in the ARRY Form 4 footnotes?

Footnotes indicate a grant of 105,448 RSUs on March 17, 2023 and 375,203 RSUs on March 18, 2025. Each grant vests in three equal annual installments beginning on the first anniversary of its grant date under the company’s long-term incentive plan.