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Canadian Solar (CSIQ) director gets 2,200 RSUs, exercises 770 shares

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

Rhea-AI Filing Summary

Canadian Solar Inc. director Andrew Luen Cheung Wong received a grant of 2,200 Restricted Share Units (RSUs) that convert into common stock, and exercised 770 RSUs into 770 common shares at a conversion price of $0.00 per share. To cover tax obligations, 4 common shares were withheld at $13.21 per share, leaving him with 1,752 common shares held directly after these transactions.

Positive

  • None.

Negative

  • None.
Insider Wong Andrew Luen Cheung
Role Director
Type Security Shares Price Value
Grant/Award Restricted Share Units 2,200 $0.00 --
Exercise Restricted Share Units 770 $0.00 --
Exercise Common Stock 770 $0.00 --
Tax Withholding Common Stock 4 $13.21 $52.84
Holdings After Transaction: Restricted Share Units — 23,738 shares (Direct); Common Stock — 1,756 shares (Direct)
Footnotes (1)
  1. These RSUs were granted on April 1, 2026 and processed on April 2, 2026, and have no expiration date. These RSUs have no expiration date.
RSU grant 2,200 RSUs Granted April 1, 2026, processed April 2, 2026
RSU exercise 770 RSUs Exercised into 770 common shares at $0.00 per share
Tax-withheld shares 4 shares at $13.21 Shares delivered to satisfy tax liability
Common shares after transactions 1,752 shares Direct holdings after RSU exercise and tax withholding
RSUs after grant 23,738 RSUs Total RSUs following 2,200-unit grant
RSUs after exercise 22,968 RSUs RSU balance after exercising 770 units
Restricted Share Units financial
"These RSUs were granted on April 1, 2026 and processed on April 2, 2026, and have no expiration date."
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
SEC Form 4
FORM 4UNITED 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*
Wong Andrew Luen Cheung

(Last)(First)(Middle)
C/O CANADIAN SOLAR INC,
4273 KING STREET EAST, SUITE 102

(Street)
KITCHENERN2P 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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/02/2026M770A$0.001,756D
Common Stock04/02/2026F4D$13.211,752D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units$0.0004/02/2026A2,20004/01/2029 (1)Common Stock2,200$0.0023,738D
Restricted Share Units$0.0004/02/2026M77004/01/2026 (2)Common Stock770$0.0022,968D
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/ Andrew (Luen Cheung) Wong04/06/2026
** Signature of Reporting PersonDate
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 did Canadian Solar (CSIQ) director Andrew Wong report in this Form 4?

Andrew Luen Cheung Wong reported a grant of 2,200 Restricted Share Units and the exercise of 770 RSUs into 770 common shares, along with a small share withholding for taxes. These are routine equity compensation and tax-related transactions.

How many Restricted Share Units did the Canadian Solar (CSIQ) director receive?

He received 2,200 Restricted Share Units as a grant processed on April 2, 2026. These RSUs have no expiration date and represent a form of stock-based compensation that can convert into an equal number of Canadian Solar common shares in the future.

What RSU exercise did the Canadian Solar (CSIQ) director complete?

He exercised 770 Restricted Share Units into 770 Canadian Solar common shares at a conversion price of $0.00 per share. This reflects the conversion of previously granted RSUs into owned stock rather than an open-market purchase of additional shares.

Why were 4 Canadian Solar (CSIQ) shares disposed of in this filing?

Four common shares were disposed of at $13.21 per share to satisfy tax obligations related to the equity transaction. This F-code disposition is a tax-withholding mechanism handled through share delivery, not an open-market sale reflecting a change in investment view.

How many Canadian Solar (CSIQ) common shares does the director hold after these transactions?

Following the reported transactions, Andrew Luen Cheung Wong directly holds 1,752 Canadian Solar common shares. This post-transaction balance reflects the RSU exercise into shares and the small tax-withholding share disposition recorded in the Form 4.

Do the Canadian Solar (CSIQ) RSUs in this Form 4 have an expiration date?

The footnotes state the RSUs granted on April 1, 2026, and processed April 2, 2026, have no expiration date. This means they remain outstanding according to their grant terms until settled in common stock or otherwise addressed under the plan.