Gunning Gina K 4

What Happened

• Gina K. Gunning, Chief Legal Officer of Array Technologies (ARRY), converted 13,386 restricted stock units (RSUs) into common shares upon vesting on January 30, 2026. Of those shares, 4,729 were withheld by the issuer to satisfy tax withholding obligations at $11.32 per share, totaling $53,556. The net shares retained by Gunning after withholding were 8,657.
• This transaction reflects RSU vesting and settlement (an award conversion), not an open-market sale or purchase.

Key Details

• Transaction date: January 30, 2026.
• Primary entries reported: conversion/exercise of derivative (code M) for 13,386 RSUs; tax withholding (code F) of 4,729 shares at $11.32/share = $53,556.
• Net shares received: 13,386 converted − 4,729 withheld = 8,657 shares retained.
• Footnotes: Each RSU converts to one share on vesting (F1). The shares withheld represent tax withholding based on the closing price on Jan 30, 2026 (F2). The RSUs were part of a Jan 30, 2025 grant of 40,160 RSUs vesting in three equal annual installments (F3).
• Shares owned after the transaction: not specified in the Form 4 filing.
• Filing timeliness: Report filed Feb 3, 2026 for the Jan 30, 2026 transaction (filed within required reporting window). Exhibit 24 (Power of Attorney) is attached.

Context

• This was a routine RSU vesting and settlement; the withholding of shares to cover taxes is standard and does not indicate a discretionary sale. The Form shows conversion of RSUs (derivative settlement) rather than an option purchase or open-market trade.