Enphase Energy, Inc. — Director's Dealing 2026

Jan 30, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Enphase Energy, Inc. (ENPH)
CIK: 0001463101
Period of Report: 2026-01-29

Reporting Person: Yang Mandy (EVP, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-29	Common Stock	A	21120	—	Acquired	111227	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25000	Indirect
Common Stock	25000	Indirect

Footnotes

F1: Restricted Stock Units ("RSUs") issued pursuant to the Issuer's 2021 Equity Incentive Plan.

F2: The RSUs vest as follows: 1/3rd on March 1, 2027, 1/3rd on March 1, 2028, and 1/3 on March 1, 2029, subject to Ms. Yang's continuous service through each applicable vesting date.

F3: Represents shares previously owned directly by the reporting person that were contributed to grantor retained annuity trust ("GRAT 1").

F4: Represents shares previously owned directly by the reporting person that were contributed to grantor retained annuity trust ("GRAT 2").