Enphase Energy director's trust proposes $8.75M sale

The listed securities trace to four RSU acquisitions during 2025–2026 and a Convertible Senior Note acquired in 2018.

Available on EDGAR 11/09/2026 - 04:20 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:19 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

A proposed sale of 300,000 shares of Enphase Energy, Inc. Class A common stock is listed for the account of Rodgers Massey Revocable Living Trust, with an approximate sale date of November 9, 2026. The aggregate market value is listed as $8,753,900.

UBS Financial Services Inc. is named as broker. The remarks identify TJ Rodgers as a director and the trust as the seller. The listed acquisition entries include RSUs and Class A common stock acquired through a Convertible Senior Note.

Key Figures

Shares proposed for sale: 300,000 shares Aggregate market value: $8,753,900 Approximate sale date: November 9, 2026 +5 more

8 metrics

Shares proposed for sale 300,000 shares Class A common stock

Aggregate market value $8,753,900 Proposed sale

Approximate sale date November 9, 2026 Proposed sale

RSU shares acquired 1,295 shares November 14, 2025

RSU shares acquired 1,295 shares February 14, 2026

RSU shares acquired 1,295 shares May 14, 2026

RSU shares acquired 1,488 shares August 13, 2026

Shares acquired through Convertible Senior Note 294,627 shares Acquired August 1, 2018

Key Terms

RSUs, Convertible Senior Note, Aggregate Market Value

3 terms

RSUs financial

"Nature of Acquisition Transaction: RSUs"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Convertible Senior Note financial

"Nature of Acquisition Transaction: Convertible Senior Note"

Aggregate Market Value financial

"Aggregate Market Value"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

How many ENPH shares does Rodgers Massey Revocable Living Trust plan to sell?

The trust plans to sell 300,000 shares of Class A common stock, with an aggregate market value of $8,753,900 and an approximate sale date of November 9, 2026.

How were the shares in the ENPH sale notice acquired?

The listed acquisitions include 1,295 shares from RSUs on November 14, 2025, February 14, 2026, and May 14, 2026; 1,488 shares from RSUs on August 13, 2026; and 294,627 shares acquired through a Convertible Senior Note on August 1, 2018.

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

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001183967
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Enphase Energy, Inc.
SEC File Number	001-35480
Address of Issuer	47281 Bayside Parkway Fremont CALIFORNIA 94538
Phone	707-763-4784
Name of Person for Whose Account the Securities are To Be Sold	Rodgers Massey Revocable Living Trust
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	UBS Financial Services Inc 1000 Harbor Blvd 3rd Floor Weehawken NJ 07086	300000	8753900	132314277	11/09/2026	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	11/14/2025	RSUs	Enphase Energy, Inc.			1295	11/14/2025	NA
Class A Common Stock	02/14/2026	RSUs	Enphase Energy, Inc.			1295	02/14/2026	NA
Class A Common Stock	05/14/2026	RSUs	Enphase Energy, Inc.			1295	05/14/2026	NA
Class A Common Stock	08/13/2026	RSUs	Enphase Energy, Inc.			1488	08/13/2026	NA
Class A Common Stock	08/01/2018	Convertible Senior Note	Enphase Energy, Inc.			294627	08/01/2023	Convertible Senior Note

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	TJ Rodgers is a Director at ENPH, Rodgers Massey Revocable Living Trust is the seller.
Date of Notice	11/09/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/JOSEPH CASSIDY, for UBS Financial Services Inc, as attorney-in-fact for Rodgers Massey Revocable Living Trust
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)