Kothandaraman Badrinarayanan 4

What Happened

• Kothandaraman Badrinarayanan, President, CEO and Director of Enphase Energy (ENPH), was granted 33,000 restricted stock units (RSUs) on January 29, 2026 (Form 4 filed January 30, 2026). The acquisition is reported at $0.00 per share because this was an award under the company plan, not an open‑market purchase.
• The RSUs were issued under Enphase’s 2021 Equity Incentive Plan and do not require an immediate cash outlay. This is an award/grant transaction rather than a buy or sell.

Key Details

• Transaction date: 2026-01-29; filing date: 2026-01-30.
• Amount: 33,000 RSUs; reported acquisition price: $0.00 (award).
• Vesting: 1/3 vests on March 1, 2027; 1/3 on March 1, 2028; 1/3 on March 1, 2029, subject to continuous service.
• Shares are held directly by a Trust of which the reporting person serves as trustee (per filing footnote).
• The filing does not list the reporting person’s total Enphase holdings after this grant in the provided summary.

Context

• RSU grants are a common form of executive compensation intended to align management with long‑term shareholder value; they are not the same as an open‑market purchase and do not by themselves indicate a buy/sell market signal.
• No tax‑withholding sale, 10b5‑1 plan, or late‑filing indication was noted in the provided filing details.