Enphase Energy CEO's trust buys 10,000 shares

A trust of which Enphase Energy's President & CEO serves as trustee held 1,655,632 shares after the purchase; the CEO directly held 104,987 shares.

Available on EDGAR 11/02/2026 - 04:59 PM EST Accepted by SEC EDGAR 11/02/2026 - 04:59 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Enphase Energy, Inc. (ENPH) President & CEO and director Badrinarayanan Kothandaraman reported that a trust of which he serves as trustee purchased 10,000 common shares on November 2, 2026, at a weighted average price of $26.7514 per share. The purchases occurred in multiple transactions ranging from $26.39 to $27.05 per share. The trust held 1,655,632 shares after the purchase; Kothandaraman directly held 104,987 shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 1 txn

Insider Kothandaraman Badrinarayanan

Role President & CEO

Bought 10,000 shs ($268K)

Increase in Position 0.61%

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2	10,000	$26.7514	$268K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,655,632 shares (Indirect, By Trust); Common Stock — 104,987 shares (Direct)

Holdings Before and After: Common Stock, 1,645,632 to 1,655,632 shares (Indirect, By Trust)

Footnotes (2)

1. F1. Represents a weighted average purchase price per share. These shares were purchased in multiple transactions at prices ranging from $26.39 to $27.05. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
2. F2. These shares are held directly by the Trust of which the Reporting Person serves as a trustee.

Key Figures

Shares purchased: 10,000 shares Weighted average purchase price: $26.7514 per share Purchase price range: $26.39 to $27.05 per share +2 more

5 metrics

Shares purchased 10,000 shares November 2, 2026, by the trust

Weighted average purchase price $26.7514 per share November 2, 2026

Purchase price range $26.39 to $27.05 per share Multiple transactions on November 2, 2026

Trust shares held after purchase 1,655,632 shares November 2, 2026

Direct shares held 104,987 shares November 2, 2026

Key Terms

weighted average purchase price per share, trustee, Rule 10b5-1 plan

3 terms

weighted average purchase price per share financial

"Represents a weighted average purchase price per share"

trustee technical

"serves as a trustee"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

Rule 10b5-1 plan regulatory

"Rule 10b5-1 plan"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

FAQ

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

How many shares did the ENPH CEO's trust purchase?

A trust of which Badrinarayanan Kothandaraman serves as trustee purchased 10,000 common shares on November 2, 2026, at a weighted average price of $26.7514 per share. The purchases were made in multiple transactions at prices ranging from $26.39 to $27.05 per share. The trust held 1,655,632 shares afterward, and no Rule 10b5-1 plan is reported.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Kothandaraman Badrinarayanan

(Last) (First) (Middle)

C/O ENPHASE ENERGY, INC.

47281 BAYSIDE PARKWAY

(Street)

FREMONT CALIFORNIA 94538

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Enphase Energy, Inc. [ ENPH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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	11/02/2026		P		10,000	A	$26.7514(1)	1,655,632	I	By Trust(2)
Common Stock								104,987	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

Explanation of Responses:

1. Represents a weighted average purchase price per share. These shares were purchased in multiple transactions at prices ranging from $26.39 to $27.05. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.

2. These shares are held directly by the Trust of which the Reporting Person serves as a trustee.

Remarks:

	/s/ Lisan Hung, Attorney-in-Fact for Badri Kothandaraman	11/02/2026
	** 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)