Yang Mandy 4
4 · Enphase Energy, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Enphase (ENPH) CFO Mandy Yang Sells 19,570 Shares
What Happened Mandy Yang, Chief Financial Officer of Enphase Energy (ENPH), had a total of 19,570 shares disposed (withheld) on March 1, 2026 to satisfy tax withholding obligations tied to equity vesting. The transactions consisted of 1,664; 3,023; 3,721; and 11,162 shares, each recorded at $42.27 per share, totaling approximately $827,224. These were not open-market sales but shares withheld by the issuer to cover tax liabilities (transaction code F).
Key Details
- Transaction date: 2026-03-01; filing date: 2026-03-03 (filed within the Form 4 two-business-day window — timely).
- Price: $42.27 per share for all entries.
- Shares withheld/disposed: 19,570 total (1,664 + 3,023 + 3,721 + 11,162).
- Total value surrendered: ~$827,224.
- Shares owned after transaction: not specified in the provided filing summary (see full Form 4 for holdings).
- Notable footnotes: F1–F4 indicate these withholdings satisfy tax obligations from RSU and performance stock unit vestings (grants dated Mar 8, 2023; Jan 15, 2024; Jan 14, 2025). F5–F6 in the filing refer to prior contributions of shares to two grantor retained annuity trusts (GRAT 1 and GRAT 2).
Context These disposals represent routine withholding of company shares to pay taxes when restricted stock units or performance units vest—effectively a cashless/withholding settlement—rather than an open-market sale expressing a trading view. Such tax-withholding transactions are common and should not be read as a directional bet by the insider.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-01$42.27/sh−1,664$70,337→ 109,563 total - Tax Payment
Common Stock
[F2]2026-03-01$42.27/sh−3,023$127,782→ 106,540 total - Tax Payment
Common Stock
[F3]2026-03-01$42.27/sh−3,721$157,287→ 102,819 total - Tax Payment
Common Stock
[F4]2026-03-01$42.27/sh−11,162$471,818→ 91,657 total
- 25,000(indirect: By GRAT 1)
Common Stock
[F5] - 25,000(indirect: By GRAT 2)
Common Stock
[F6]
Footnotes (6)
- [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]Represents shares previously owned directly by the reporting person that were contributed to grantor retained annuity trust ("GRAT 1").
- [F6]Represents shares previously owned directly by the reporting person that were contributed to grantor retained annuity trust ("GRAT 2").