Canadian Solar CFO Zhu Xinbo Exercises 5,422 RSUs

What Happened

• Zhu Xinbo, Chief Financial Officer of Canadian Solar Inc. (CSIQ), converted/exercised restricted stock units (RSUs) on 2026-05-13 resulting in 5,422 shares being issued. To satisfy tax withholding, 3 shares were surrendered at $19.83 each (total ~$59). The filing shows the derivative conversion and the small withholding; net shares received by Zhu would be 5,419 (5,422 issued minus 3 withheld).

Key Details

• Transaction date: 2026-05-13; Form 4 filed 2026-05-14 (appears timely).
• Conversion/exercise: 5,422 shares at $0.00 (conversion of RSUs/derivative).
• Tax withholding: 3 shares disposed at $19.83 each = $59 (code F).
• Additional derivative entry: 5,422 shares disposed at $0.00 (reflects conversion of the derivative instrument).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — These RSUs have no expiration date.

Context

• This was an RSU conversion (acquisition of shares) with routine tax-withholding (cashless share surrender). Such withholdings are standard for compensation-related equity and do not, by themselves, signal a change in insider sentiment. The cash value involved is minimal.