Zhu James 4

What Happened

• James Zhu, Chief Accounting Officer of Array Technologies (ARRY), received a grant of 24,779 restricted stock units (RSUs) on March 12, 2026. The filing also reports activity involving 6,163 RSUs and the withholding of 1,982 shares to cover taxes at $6.80 per share, resulting in $13,478 withheld.
• The reported entries reflect RSU award(s) and the settlement/administrative handling of RSUs (derivative transactions and tax withholding). These were awards/settlements, not open-market purchases or intended sales to express a market view.

Key Details

• Transaction date: March 12, 2026.
• Grant: 24,779 RSUs granted (vest in three equal annual installments beginning on the first anniversary; footnote F4).
• RSU settlement/derivative entries: 6,163 RSU-related derivative items reported on the same date (codes M for exercise/conversion and A for grant).
• Tax withholding: 1,982 shares withheld to satisfy tax withholding at $6.80 per share, totaling $13,478 (code F; footnote F2).
• RSU context: Each RSU equals one share upon vesting (footnote F1). Filing also references a prior March 12, 2024 grant of 18,488 RSUs (footnote F3) and notes the reporting person holds additional unvested RSUs (e.g., 93,396 and the 6,163 referenced) (footnote F5).
• Shares owned after transaction: The Form 4 does not state a single “shares owned following transaction” total; it lists multiple unvested RSU balances in the footnotes instead.
• Timeliness: No late filing indicator was reported.

Context

• These entries are RSU awards and administrative settlement actions. The withholding of 1,982 shares to cover taxes is a common practice (share withholding) and is not the same as a market sale for investment purposes.
• For retail investors: RSU grants are compensation, not an explicit bullish purchase signal. Tax-withholding dispositions are routine and do not necessarily indicate a decision to sell shares for investment reasons.