Worth a closer look
- Open-market purchase with their own money (Form 4 code P), not a grant or option exercise.
- Bought by the CEO, one of the two people with the fullest view of the company.
Reasons for caution
- Held indirectly (a trust, fund or family entity), so the economic owner isn't only the named insider.
- Small next to what they already own (holding up 0.6%).
- Similar past buys beat the S&P 500 only 47% of the time (112 cases); the typical one trailed it by 0.1%.
- Their past buys: only 3 of 8 beat the S&P 500.
What happened after this filing
Insider Twins: past buys with the same traits
1 insider buying · incl. CEO or CFO · $250K–$1M · stock down 20%+ in 3 months
RIGL Jun 13, 2022 +98.4% vs S&PLYFT Aug 13, 2024 +74.0% vs S&PALHC Mar 18, 2024 +72.3% vs S&PHAO May 20, 2026 -91.3% vs S&PDBGI Jun 12, 2026 -84.5% vs S&PMOND Aug 24, 2023 -59.0% vs S&PWhat we couldn't check
- Why they traded. Filings don't say, and we don't guess.
- Company news after the filing, and any private terms.
Badrinarayanan Kothandaraman (CEO) bought $268K of ENPH at about $26.75 on Nov 2, 2026, reported to the SEC on Nov 2, 2026. Buys like this beat the S&P 500 47% of the time since 2020, against 46% for all insider buys. We found 2 points that make it worth a closer look and 4 reasons for caution. History, not a prediction.
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Written by fixed rules from SEC filings and our measured history, not by an AI model. Public data only. History, not a prediction, and not investment advice.