$ENPH · Enphase Energy, Inc.
Enphase Energy President & CEO Badrinarayanan Kothandaraman reported an open-market purchase of 10,000 shares at $26.7514 per share, for a total of $267,514. The buy was discretionary — no 10b5-1 plan — and brings his direct holdings to 1,655,632 shares.
- President & CEO Badrinarayanan purchased 10,000 shares at $26.7514 per share, totaling $267,514.
- The transaction was not executed under a 10b5-1 trading plan — it was a discretionary open-market buy.
- Post-transaction, the CEO holds 1,655,632 shares directly.
- ENPH shares were trading at $27.93 in the regular session, up 8.89% on the day.
Extended-hours trading shows ENPH at $28.20, up 0.97% from the regular-session close of $27.93. The CEO's discretionary buy at $26.75 — below both the regular close and extended-hours level — reinforces the bullish intraday move and suggests management sees value even after the day's rally.
A CEO buying $267K of stock with no 10b5-1 plan is a high-conviction signal, especially in a beaten-down solar name.
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Insider purchases are not guarantees of future performance; the CEO's concentrated position already ties significant personal wealth to ENPH's fate.