Wong Andrew Luen Cheung 4

What Happened

• Andrew Luen Cheung Wong, a director of Canadian Solar Inc. (CSIQ), had several equity-related transactions processed April 2, 2026: he exercised/converted 770 derivative shares (reported at $0.00), simultaneously showed a disposition of 770 derivative shares, and was granted 2,200 restricted stock units (RSUs). Four shares were surrendered to cover tax withholding at $13.21 each (~$53).
• These actions are awards/exercise transactions (not an open-market purchase or sale). The RSU grant and the zero-dollar exercise price indicate internal compensation/settlement activity rather than a cash purchase.

Key Details

• Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (timely filing within required two business days).
• Transactions reported:
  • M (exercise/conversion): 770 shares acquired @ $0.00
  • M (exercise/conversion): 770 shares disposed @ $0.00 (derivative)
  • A (grant/award): 2,200 RSUs acquired @ $0.00 (derivative)
  • F (tax withholding): 4 shares disposed @ $13.21 each (≈ $53)
• Shares owned after the transactions: not specified in the provided filing details.
• Footnotes: RSUs were granted April 1, 2026 and processed April 2, 2026; the RSUs have no expiration date (Footnotes F1, F2).
• Filing timeliness: Reported within the two-business-day window (timely).

Context

• The paired acquisition and disposition of 770 derivative shares typically reflects an option/derivative exercise with immediate settlement handling (for example, net-share settlement or brokerage processing); the filing shows no cash paid (exercise price reported as $0.00).
• The main activity here is receipt of RSUs and conversion/exercise of derivatives—common compensation events for insiders—while the small share surrender (4 shares) was used to satisfy tax withholding, not a market-sale decision.