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

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

Rhea-AI Filing Summary

Array Technologies, Inc. reported that Chief Legal Officer Gina K. Gunning had restricted stock units vest and convert into common shares. On January 30, 2026, 13,386 restricted stock units were settled into the same number of common shares at an exercise price of $0.

To cover tax withholding on this vesting, the company withheld 4,729 common shares at a price of $11.325 per share, leaving Gunning with 8,657 common shares directly owned after the transactions. She also continues to hold 26,774 restricted stock units, from an original grant of 40,160 units made on January 30, 2025 that vests in three equal annual installments.

Positive

  • None.

Negative

  • None.
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*
Gunning Gina K

(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 Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026
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 01/30/2026 M 13,386 A (1) 13,386 D
Common Stock, par value $0.001 per share 01/30/2026 F 4,729(2) D $11.325 8,657 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) 01/30/2026 M 13,386 (3) (3) Common Stock, par value $0.001 per share 13,386 $0 26,774 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 January 30, 2026.
3. On January 30, 2025, the reporting person was granted 40,160 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Ashton Wiebe as Attorney-in-Fact 02/03/2026
** 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.

FAQ

What insider transaction did Array Technologies (ARRY) disclose for Gina K. Gunning?

Array Technologies disclosed that Chief Legal Officer Gina K. Gunning had 13,386 restricted stock units vest and convert into common shares on January 30, 2026. These units were granted under the company’s 2020 Long-Term Incentive Plan as part of her equity compensation.

How many Array Technologies shares did Gina K. Gunning own after the reported Form 4 transactions?

After the reported transactions, Gina K. Gunning directly owned 8,657 shares of Array Technologies common stock. In addition, she held 26,774 restricted stock units that can settle into common shares as they vest under the terms of her prior equity grant.

Why were 4,729 Array Technologies shares withheld in Gina K. Gunning’s Form 4 filing?

The 4,729 shares were withheld by Array Technologies to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units. The withholding amount was calculated using the company’s closing stock price of $11.325 on January 30, 2026.

What are the terms of Gina K. Gunning’s 40,160 restricted stock unit grant at Array Technologies?

Gina K. Gunning received 40,160 restricted stock units on January 30, 2025, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each unit entitles her to receive one share of common stock upon vesting.

What does the RSU transaction code “M” mean in the Array Technologies Form 4 filing?

In this Form 4, the transaction code “M” indicates the conversion of derivative securities, here restricted stock units, into common stock. On January 30, 2026, 13,386 restricted stock units were converted into the same number of Array Technologies common shares at an exercise price of $0.

How many restricted stock units does Gina K. Gunning still hold in Array Technologies after the vesting event?

Following the January 30, 2026 vesting, Gina K. Gunning beneficially owned 26,774 restricted stock units. These remaining units come from her original 40,160-unit grant and are scheduled to vest in later installments under the grant’s three-year vesting schedule.
Array Technologies, Inc.

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