Form 4: Enphase Energy EVP Mandy Yang Reports Changes in Beneficial Ownership

Mandy Yang, EVP and CFO of Enphase Energy, reports the disposal of shares to cover tax obligations related to vesting RSUs and PSUs, while maintaining significant direct and indirect holdings.

Summary

• On March 1, 2025, Mandy Yang, the EVP and Chief Financial Officer of Enphase Energy, reported changes in beneficial ownership of Enphase Energy, Inc. stock.
• The transactions involved the disposal of common stock to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
• A total of 1,611 shares were disposed of at a price of $57.33 to cover taxes related to RSUs granted on March 8, 2023.
• Additionally, 3,018 shares were disposed of at $57.33 to cover taxes related to RSUs granted on January 15, 2024.
• Furthermore, 4,526 shares were disposed of at $57.33 to cover taxes related to PSUs granted on January 15, 2024.
• Following these transactions, Mandy Yang directly owns 79,843 shares of Enphase Energy common stock.
• She also indirectly owns 25,000 shares through GRAT 1 and 25,000 shares through GRAT 2.
• The report was filed on March 4, 2025, by Lisan Hung, Attorney-in-Fact for Mandy Yang.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on company stock ownership.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in the executive's overall holdings.

Key Dates