Canadian Solar director gets RSUs, exercises shares

Canadian Solar Inc. director Harry E. Ruda reported routine equity compensation and related share movements.

Rhea-AI Filing Summary

Canadian Solar Inc. director Harry E. Ruda reported routine equity compensation and related share movements. He received a grant of 2,200 Restricted Share Units (RSUs) tied to common stock, and exercised 770 RSUs into 770 shares of common stock at a conversion price of $0.00 per share.

To cover tax obligations on this vesting, 470 common shares were withheld at $13.21 per share, which is a tax-withholding disposition rather than an open-market sale. After these transactions, he directly holds 45,682 shares of common stock and 22,968 RSUs, indicating a largely unchanged overall exposure to Canadian Solar stock.

Insider Trade Summary

770 shares exercised/converted

Exercise 4 txns

Insider Ruda Harry E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	2,200	$0.00	$0.00
Exercise	Restricted Share Units	770	$0.00	$0.00
Exercise	Common Stock	770	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	470	$13.21	$6K

Holdings After Transaction: Restricted Share Units — 46,706 contracts (Direct); Common Stock — 45,682 shares (Direct)

Footnotes (2)

1. F1. These RSUs were granted on April 1, 2026 and processed on April 2, 2026, and have no expiration date.
2. F2. These RSUs have no expiration date.

Key Figures

RSU grant: 2,200 units RSUs exercised: 770 units Shares withheld for tax: 470 shares +3 more

6 metrics

RSU grant 2,200 units Restricted Share Units granted on April 1, 2026

RSUs exercised 770 units RSUs converted into common stock on April 2, 2026

Shares withheld for tax 470 shares Common stock withheld at $13.21 per share for taxes

Post-transaction common shares 45,682 shares Common stock directly held after transactions

Post-transaction RSUs 22,968 units Restricted Share Units directly held after exercise

Tax-withholding price $13.21/share Value used for 470-share tax-withholding disposition

Key Terms

Restricted Share Units, Exercise or conversion of derivative security, tax-withholding disposition, Payment of exercise price or tax liability by delivering securities

4 terms

Restricted Share Units financial

"These RSUs were granted on April 1, 2026 and processed on April 2, 2026"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: Payment of exercise price or tax liability by delivering securities"

FAQ

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

What insider transactions did Canadian Solar (CSIQ) director Harry E. Ruda report?

Harry E. Ruda reported a grant of 2,200 Restricted Share Units, the exercise of 770 RSUs into common stock, and 470 common shares withheld for taxes. These are compensation-related and tax-withholding movements, not open-market share purchases or sales.

How many Canadian Solar (CSIQ) shares does Harry E. Ruda hold after this Form 4?

After the reported transactions, Harry E. Ruda directly holds 45,682 shares of Canadian Solar common stock and 22,968 Restricted Share Units. This filing shows routine equity compensation activity while maintaining a substantial overall position in the company’s stock.

Was there an open-market sale in Harry E. Ruda’s Canadian Solar (CSIQ) Form 4?

No open-market sale occurred. The 470 common shares reported under code F were withheld at $13.21 per share to satisfy tax obligations on vested equity, a standard tax-withholding disposition rather than a discretionary sale into the market.

What does the grant of 2,200 RSUs to Canadian Solar (CSIQ) director Harry E. Ruda mean?

The 2,200 RSU grant is equity compensation that can convert into an equal number of common shares if vesting conditions are met. It increases his potential future ownership stake, aligning his incentives further with Canadian Solar shareholders over time.

How large was the RSU exercise reported by Canadian Solar (CSIQ) director Harry E. Ruda?

He exercised 770 Restricted Share Units into 770 common shares at a conversion price of $0.00 per share. This derivative exercise converted previously awarded equity into stock without an additional cash payment, reflecting standard vesting of long-term compensation.

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

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Accepted by SEC EDGAR 04/06/2026 - 04:09 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^*

Ruda Harry E

(Last) (First) (Middle)

C/O CANADIAN SOLAR INC,

4273 KING STREET EAST, SUITE 102

(Street)

KITCHENER N2P 2E9

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Canadian Solar Inc. [ CSIQ ]

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)
04/02/2026

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	04/02/2026		M		770	A	$0.00	46,152	D
Common Stock	04/02/2026		F		470	D	$13.21	45,682	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 Share Units	$0.00	04/02/2026		A		2,200		04/01/2029	(1)	Common Stock	2,200	$0.00	23,738	D
Restricted Share Units	$0.00	04/02/2026		M			770	04/01/2026	(2)	Common Stock	770	$0.00	22,968	D

Explanation of Responses:

1. These RSUs were granted on April 1, 2026 and processed on April 2, 2026, and have no expiration date.

2. These RSUs have no expiration date.

	/s/ Harry Eugen Ruda	04/06/2026
	** 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)