Zhu James 4

4 · Array Technologies, Inc. · Filed Mar 19, 2026

AI-generated summary of this filing

Updated Mar 20, 2026

Array (ARRY) Chief Accounting Officer James Zhu Receives RSU Shares

What Happened

James Zhu, Chief Accounting Officer of Array Technologies (ARRY), had 12,234 restricted stock units (RSUs) vest and convert into common shares on March 18, 2026. The RSUs converted at no exercise price (typical for RSUs). To cover tax withholding, 3,285 of those shares were surrendered at a withholding price of $6.86 per share, totaling $22,535. The net result was 8,949 newly issued shares retained by the reporting person.

Key Details

Transaction date: March 18, 2026 (Form 4 filed March 19, 2026 — timely).
Vesting/conversion: 12,234 RSUs converted to 12,234 common shares (SEC code M = exercise/conversion of derivative).
Tax withholding: 3,285 shares withheld at $6.86/share for $22,535 (SEC code F = payment of tax liability).
Net shares received: 8,949 shares (12,234 − 3,285).
Grant context: The 12,234 vested shares are one-third of a March 18, 2025 grant of 36,704 RSUs that vest in three equal annual installments (footnote). The filing notes an additional 86,634 unvested RSUs held from other grants.
Filing timeliness: Reported the next day — not marked late.

Context

This was a routine RSU vesting and settlement with shares withheld to satisfy tax obligations (a cashless/withholding settlement), not an open-market purchase or sale. Such compensation-related transactions are common and reflect scheduled vesting under company equity plans rather than an independent buy/sell decision.

Form 4

Period: 2026-03-18

Chief Accounting Officer

Transactions

Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]
2026-03-18+12,234→ 20,922 total
Tax Payment
Common Stock, par value $0.001 per share
[F2]
2026-03-18$6.86/sh−3,285$22,535→ 17,637 total
Exercise/Conversion
Restricted Stock Units
[F1][F3][F4]
2026-03-18−12,234→ 24,470 total
→ Common Stock, par value $0.001 per share (12,234 underlying)

Footnotes (4)

[F1]Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2020 Long-Term Incentive Plan.
[F2]Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The number of shares withheld is based on the closing price of the Issuer's common stock on March 18, 2026.
[F3]On March 18, 2025, the reporting person was granted 36,704 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
[F4]Does not include 86,634 unvested restricted stock units held by the Reporting Person in connection with grants made on separate dates.

Signature

/s/ Ashton Wiebe as Attorney-in-Fact|2026-03-19

1 file