Yang Mandy 4

What Happened
Mandy Yang, Chief Financial Officer of Enphase Energy (ENPH), had 1,322 shares withheld by the company to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $43.59 each, for a total of $57,626. This transaction is reported under transaction code F (payment of exercise price or tax liability) and reflects a tax-withholding disposal rather than an open-market sale.

Key Details

• Transaction date: March 10, 2026; Filing date: March 12, 2026 (filed timely).
• Price: $43.59 per share; Shares disposed/withheld: 1,322; Total value: $57,626.
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1 — Shares withheld to satisfy tax withholding on RSUs granted Feb 15, 2022 under the 2021 Equity Incentive Plan.
  • F2 & F3 — Refer to shares previously contributed to two grantor retained annuity trusts (GRAT 1 and GRAT 2).
• Filing timeliness: Reported within the normal Section 16 reporting window (not marked late).

Context
This was a cashless tax-withholding event tied to RSU vesting; the issuer withheld shares to cover the employee’s tax obligation. Such withholdings are routine administrative actions and do not necessarily indicate the insider’s view of the company’s prospects.