Kothandaraman Badrinarayanan 4
4 · Enphase Energy, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Enphase CEO Badrinarayanan Sells Shares for Tax Withholding
What Happened
Kothandaraman Badrinarayanan, President & CEO and a Director of Enphase Energy (ENPH), had a total of 39,305 shares withheld by the company on March 1, 2026 to satisfy tax withholding obligations tied to vested equity. The withholdings were reported as dispositions (code F) at $42.27 per share: 4,883 shares ($206,404), 5,935 shares ($250,872), 7,122 shares ($301,047) and 21,365 shares ($903,099). Total value of the withheld shares is approximately $1,661,422. These were tax-withholding share retentions tied to vesting—not open-market sales initiated by the insider.
Key Details
- Transaction date and price: March 1, 2026 at $42.27 per share.
- Shares withheld: 4,883; 5,935; 7,122; 21,365 — total 39,305 shares; total value ≈ $1,661,422.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1–F4 indicate shares were withheld to satisfy tax withholding on vested RSUs (grants dated Mar 8, 2023; Jan 15, 2024; Jan 14, 2025) and performance stock units (grant dated Jan 14, 2025). F5 notes some shares are held directly by a Trust for which the reporting person is trustee (not directly tied to these withheld amounts).
- Filing timeliness: Form filed Mar 3, 2026 for Mar 1 transactions — appears to be filed within normal Form 4 timing.
Context
Code F transactions are routine tax-withholding disposals when restricted or performance shares vest; the company withholds shares rather than the insider selling on the open market. Such withholdings are administrative and do not necessarily signal the insider’s view of the company’s stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-01$42.27/sh−4,883$206,404→ 138,537 total - Tax Payment
Common Stock
[F2]2026-03-01$42.27/sh−5,935$250,872→ 132,602 total - Tax Payment
Common Stock
[F3]2026-03-01$42.27/sh−7,122$301,047→ 125,480 total - Tax Payment
Common Stock
[F4]2026-03-01$42.27/sh−21,365$903,099→ 104,115 total
- 1,640,632(indirect: By Trust)
Common Stock
[F5]
Footnotes (5)
- [F1]Represents shares withheld by the Issuer to satisfy the tax withholding obligation associated with the vesting of RSUs granted to the Reporting Person on March 8, 2023.
- [F2]Represents shares withheld by the Issuer to satisfy the tax withholding obligation associated with the vesting of RSUs granted to the Reporting Person on January 15, 2024.
- [F3]Represents shares withheld by the Issuer to satisfy the tax withholding obligation associated with the vesting of RSUs granted to the Reporting Person on January 14, 2025.
- [F4]Represents shares withheld by the Issuer to satisfy the tax withholding obligation associated with the vesting of performance stock units granted to the Reporting Person on January 14, 2025.
- [F5]These shares are held directly by the Trust of which the Reporting Person serves as a trustee.