Enphase (ENPH) director gets RSU award and buys 1,000 shares

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Enphase Energy director Shanker Trivedi increased his stake through a grant and a purchase. He received 4,551 restricted stock units as an equity award, which vest in scheduled installments under the 2021 Equity Incentive Plan. In a separate open-market transaction, a trust for which he serves as trustee bought 1,000 common shares at about $53.91 each.

Insider Trade Summary

Net Buyer: 1,000 shares ($53,910)

Net Buy 2 txns

Insider Trivedi Shanker

Role null

Bought 1,000 shs ($54K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,000	$53.91	$54K
Grant/Award	Common Stock	4,551	$54.93	$250K

Holdings After Transaction: Common Stock — 1,000 shares (Indirect, By Trust); Common Stock — 4,551 shares (Direct, null)

Footnotes (1)

Restricted stock units ("RSUs") issued pursuant to the 2021 Equity Incentive Plan (the "2021 Plan"). RSUs vest in four equal quarterly installments on August 15, 2026, November 15, 2026, February 15, 2027 and May 15, 2027; provided that the total RSUs are fully vested on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's Continuous Service (as defined in the 2021 Plan) through each applicable vesting date. These shares are held directly by the Trust for which the Reporting Person serves as a trustee.

Key Figures

Open-market purchase: 1,000 shares at $53.91 Indirect holdings after purchase: 1,000 shares RSU award size: 4,551 RSUs at $54.93 +2 more

5 metrics

Open-market purchase 1,000 shares at $53.91 Common stock bought on June 12, 2026, by trust

Indirect holdings after purchase 1,000 shares Common stock held by trust with Trivedi as trustee

RSU award size 4,551 RSUs at $54.93 Grant on June 11, 2026, under 2021 Equity Incentive Plan

Direct RSU holdings 4,551 RSUs Total RSUs directly held after award

Vesting dates Aug 15, 2026–May 15, 2027 Four equal quarterly vesting installments

Key Terms

Restricted stock units ("RSUs"), 2021 Equity Incentive Plan, Continuous Service, open-market purchase, +1 more

5 terms

Restricted stock units ("RSUs") financial

"Restricted stock units ("RSUs") issued pursuant to the 2021 Equity Incentive Plan"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

2021 Equity Incentive Plan financial

"RSUs issued pursuant to the 2021 Equity Incentive Plan (the "2021 Plan")"

Continuous Service financial

"subject to the Reporting Person's Continuous Service (as defined in the 2021 Plan)"

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

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Form 4 Insider Transactions: What Each Field Means →

06/15/2026 - 07:30 PM

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^*

Trivedi Shanker

(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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/11/2026		A		4,551	A⁽¹⁾	$54.93	4,551	D
Common Stock	06/12/2026		P		1,000	A	$53.91	1,000	I	By Trust⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted stock units ("RSUs") issued pursuant to the 2021 Equity Incentive Plan (the "2021 Plan"). RSUs vest in four equal quarterly installments on August 15, 2026, November 15, 2026, February 15, 2027 and May 15, 2027; provided that the total RSUs are fully vested on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's Continuous Service (as defined in the 2021 Plan) through each applicable vesting date.

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

Remarks:

	/s/ Lisan Hung, Attorney-in-Fact for Shanker Trivedi	06/15/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Enphase Energy (ENPH) director Shanker Trivedi report?

He reported two transactions: a grant of 4,551 restricted stock units and an open-market purchase of 1,000 Enphase Energy common shares. The RSUs are compensation, while the purchase reflects additional indirect ownership through a trust.

How many Enphase Energy shares did the trust associated with Shanker Trivedi buy?

A trust for which Shanker Trivedi serves as trustee bought 1,000 Enphase Energy common shares at about $53.91 per share. These shares are reported as indirectly owned, reflecting the trust’s holdings rather than direct personal ownership.

What are the details of Shanker Trivedi’s RSU award at Enphase Energy (ENPH)?

He received 4,551 restricted stock units under Enphase Energy’s 2021 Equity Incentive Plan. The RSUs vest in four quarterly installments from August 15, 2026 through May 15, 2027, subject to his continuous service with the company.

When do Shanker Trivedi’s Enphase Energy RSUs fully vest?

The RSUs vest in four quarterly tranches between August 15, 2026 and May 15, 2027. They are fully vested on the earlier of one year from grant or the next annual stockholder meeting, assuming continuous service throughout that period.

How many Enphase Energy shares does Shanker Trivedi hold after these transactions?

After the award, he directly holds 4,551 Enphase Energy restricted stock units. Following the trust’s open-market purchase, 1,000 common shares are indirectly held by the trust where he serves as trustee, reflecting separate direct and indirect positions.

Was Shanker Trivedi’s Enphase Energy stock purchase an open-market transaction?

Yes. The filing classifies the 1,000-share acquisition as an open-market purchase at approximately $53.91 per share. This indicates the trust bought the shares on the market rather than receiving them as part of an equity compensation grant.