Summary by Futu AI
Mandy Yang, EVP and Chief Financial Officer of Enphase Energy, Inc. [ENPH], engaged in the purchase of company common stock on May 2, 2024. The transactions, which are still in progress, involved the acquisition of 4,000 shares at prices ranging from $103.00 to $104.986 per share. Following these transactions, Yang's direct holdings in Enphase Energy increased to 62,973 shares. Additionally, Yang holds an indirect interest in 50,000 shares through two separate Grantor Retained Annuity Trusts (GRATs), with each trust holding 25,000 shares. The total value of the acquired shares based on the maximum purchase price is approximately $419,944. The transactions reflect Yang's confidence in the company and may be of interest to investors monitoring insider activity as an indicator of the company's financial health.