Yang Mandy 4

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.