Enphase Energy (ENPH) director trust sells 137,250 common shares
Rhea-AI Filing Summary
Enphase Energy director Thurman J. Rodgers, through the Rodgers Massey Revocable Living Trust, sold 137,250 shares of Enphase common stock in open-market transactions on March 13, 2026 at a weighted average price of $43.6133 per share.
After these sales, the Rodgers Massey Revocable Living Trust holds 1,597,641 shares indirectly. Rodgers also holds 2,590 shares directly, and additional indirect trust holdings of 4,100 shares in each of the Valeta Massey 2012 Irrevocable Trust and TJ Rodgers 2012 Irrevocable Trust, plus 85,200 shares in the Rodgers Family Freedom and Free Markets Charitable Trust.
Positive
- None.
Negative
- None.
Insights
Director-linked trust executed an open-market sale while retaining a substantial remaining stake.
The filing shows a trust associated with Enphase Energy director Thurman J. Rodgers selling 137,250 shares of common stock in open-market transactions at a weighted average price of $43.6133 on March 13, 2026. The transactions were executed across multiple trades within a disclosed price range.
After the sale, the Rodgers Massey Revocable Living Trust still holds 1,597,641 shares indirectly, and Rodgers has additional direct and indirect trust holdings, including charitable trust shares where he disclaims beneficial ownership beyond his pecuniary interest. With no derivatives reported and sizable remaining ownership, this looks like a portfolio adjustment rather than a transformational position change.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 137,250 | $43.6133 | $5.99M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $43.50 to $43.935. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares are held directly by the Rodgers Massey Revocable Living Trust dtd 4/4/11 for which the reporting person and his spouse, Valeta Massey, serve as trustees. These shares are held directly by the Valeta Massey 2012 Irrevocable Trust, for which the Reporting Person's spouse serves as trustee. These shares are held directly by the TJ Rodgers 2012 Irrevocable Trust, for which the Reporting Person's spouse serves as trustee. These shares are held directly by the Rodgers Family Freedom and Free Markets Charitable Trust, a charitable remainder trust for which the reporting person and his spouse, Valeta Massey, serve as trustees and of which the reporting person and his spouse are beneficiaries. The reporting person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.
