[Form 4] Array Technologies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing for E2open Parent Holdings (ETWO) discloses that director Keith W. Abell disposed of 168,707 Class A shares and 74,787 restricted stock units on 08/03/2025.

The transactions were not open-market sales; they stem from the cash-only acquisition of E2open by WiseTech Global, executed under the 05/25/2025 Merger Agreement. At the merger’s effective time, every ETWO share and RSU held by the reporting person was automatically converted into the right to receive $3.30 in cash. Following settlement, Abell reports 0 shares/derivatives owned, indicating a full exit of his equity position.

The filing confirms completion of the cash-out mechanics for insiders and underscores that ETWO is now a wholly owned subsidiary of WiseTech Global, implying forthcoming delisting of the public equity.

Insights

M&A Specialist

TL;DR: Insider Form 4 confirms cash settlement of WiseTech-E2open merger; no new economics, but finalizes $3.30/share payout.

This Form 4 is procedural. It documents cancellation of Abell’s equity and RSUs in exchange for the previously announced $3.30 cash consideration. The director’s exit to zero ownership is consistent with the company’s transition to private status under WiseTech. No incremental valuation clues arise; however, the filing provides definitive evidence that merger consideration has been distributed, clearing a key closing condition and paving the way for ETWO’s delisting.

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^*

Collins Terrance L

(Last) (First) (Middle)

3901 MIDWAY PLACE NE

(Street)

ALBUQUERQUE NM 87109

(City) (State) (Zip)

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 Human Resources Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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

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

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

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	08/01/2025		M(1)		5,082	A	$0	38,659(2)	D
Common Stock, par value $0.001 per share	08/01/2025		F		1,390(3)	D	$6.06	37,269	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(4)	(1)	08/01/2025		M			5,082	(5)	(5)	Common Stock, par value $0.001 per share	5,082	$0	0	D(4)(6)

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. Includes 1,283 shares acquired under the issuer's 2021 Employee Stock Purchase Plan ("ESPP"), which acquisitions are exempt from Section 16. All ESPP information reported herein is based on a plan statement dated as of June 30, 2025.

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 August 1, 2025.

4. Represents restricted stock units granted on August 1, 2022.

5. Each restricted stock unit award vests in three equal annual installments, beginning of the first anniversary of the grant date.

6. Does not include 134,188 unvested restricted stock units held by the Reporting Person in connection with grants made on separate dates.

Remarks:

	/s/ Christopher Fox as Attorney-in-Fact	08/05/2025
	** Signature of Reporting Person	Date
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