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Array Technologies (NASDAQ: ARRY) CAO granted 24,779 RSUs as shares vest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Array Technologies, Inc. Chief Accounting Officer James Zhu reported compensation-related equity transactions. On March 12, 2026, 6,163 restricted stock units vested and converted into 6,163 shares of common stock, and 1,982 shares were withheld at $6.80 per share to cover taxes. On the same date, he was granted 24,779 new restricted stock units under the 2020 Long-Term Incentive Plan. Following these transactions, he directly holds 8,688 shares of common stock, and footnotes state he also has 93,396 additional unvested restricted stock units plus 6,163 unvested units from prior grants.

Positive

  • None.

Negative

  • None.
Insider Zhu James
Role Chief Accounting Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 6,163 $0.00 --
Grant/Award Restricted Stock Units 24,779 $0.00 --
Exercise Common Stock, par value $0.001 per share 6,163 $0.00 --
Tax Withholding Common Stock, par value $0.001 per share 1,982 $6.80 $13K
Holdings After Transaction: Restricted Stock Units — 6,163 shares (Direct); Common Stock, par value $0.001 per share — 10,670 shares (Direct)
Footnotes (1)
  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. 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 12, 2026. On March 12, 2024, the reporting person was granted 18,488 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. On March 12, 2026, the reporting person was granted 24,779 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. Does not include: (i) 93,396 unvested restricted stock units held by the reporting person in connection with grants made on separate dates; or (ii) the 6,163 unvested restricted stock units reported above.
Form 4 Insider Transactions: What Each Field Means →
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*
Zhu James
(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 Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026
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 03/12/2026 M 6,163 A (1) 10,670 D
Common Stock, par value $0.001 per share 03/12/2026 F 1,982(2) D $6.8 8,688 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) 03/12/2026 M 6,163 (3) (3) Common Stock, par value $0.001 per share 6,163 $0 6,163 D
Restricted Stock Units (1) 03/12/2026 A 24,779 (4) (4) Common Stock, par value $0.001 per share 24,779 $0 24,779(5) 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 12, 2026.
3. On March 12, 2024, the reporting person was granted 18,488 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
4. On March 12, 2026, the reporting person was granted 24,779 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
5. Does not include: (i) 93,396 unvested restricted stock units held by the reporting person in connection with grants made on separate dates; or (ii) the 6,163 unvested restricted stock units reported above.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Ashton Wiebe as Attorney-in-Fact 03/16/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Array Technologies reported multiple equity transactions for Chief Accounting Officer James Zhu. 6,163 restricted stock units vested into common shares, 1,982 shares were withheld to pay taxes, and he received a new grant of 24,779 restricted stock units under the company’s 2020 Long-Term Incentive Plan.

How many Array Technologies shares did James Zhu acquire and retain in this Form 4?

James Zhu acquired 6,163 Array Technologies common shares through RSU vesting. The company withheld 1,982 shares at $6.80 per share for taxes, leaving him with 8,688 common shares held directly after the transactions, according to the reported post-transaction ownership figures.

What new restricted stock unit grant did Array Technologies’ CAO receive?

On March 12, 2026, James Zhu received 24,779 new restricted stock units. Each unit represents one future common share, vesting in three equal annual installments starting on the first anniversary of the grant date, under Array Technologies’ 2020 Long-Term Incentive Plan.

Were any of James Zhu’s Array Technologies shares sold on the open market?

No open-market sale was reported; shares were withheld to cover taxes. The Form 4 shows 1,982 shares of common stock disposed of under code F, meaning they were surrendered to the issuer at $6.80 per share to satisfy tax withholding obligations on vesting RSUs.

What unvested equity awards in Array Technologies does James Zhu still hold?

Footnotes indicate James Zhu holds substantial unvested restricted stock units. They state he has 93,396 unvested RSUs from separate grants and an additional 6,163 unvested units, aside from the newly granted 24,779 RSUs, all subject to future vesting conditions and schedules.

How do these equity transactions affect James Zhu’s position in Array Technologies stock?

The transactions modestly increase James Zhu’s equity exposure to Array Technologies. He now directly owns 8,688 common shares and has significant unvested RSU holdings, reflecting ongoing stock-based compensation rather than discretionary open-market buying or selling activity.