Sec Form 4 Filing - Quiroga Moreno Isidoro @ Enphase Energy, Inc. - 2019-11-15

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Quiroga Moreno Isidoro 2. Issuer Name and Ticker or Trading Symbol Enphase Energy, Inc. [ ENPH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) AVENIDA PRESIDENTE RIESCO 5711, OFICINA 1603, LAS CONDES 3. Date of Earliest Transaction (MM/DD/YY) 11/15/2019 (Street) SANTIAGO, F37550000 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/15/2019 P 421,673 A $ 19.43 ( 1 ) 12,738,874 I Shares indirectly held through South Lake One LLC ( 9 ) Common Stock 11/18/2019 P 150,000 A $ 18.91 ( 2 ) 12,888,874 I Shares indirectly held through South Lake One LLC ( 9 ) Common Stock 11/18/2019 P 150,000 A $ 19.46 ( 3 ) 13,038,874 I Shares indirectly held through South Lake One LLC ( 9 ) Common Stock 11/19/2019 P 300,000 A $ 19.04 ( 4 ) 13,338,874 I Shares indirectly held through South Lake One LLC ( 9 ) Common Stock 11/20/2019 P 52,401 A $ 18.37 ( 5 ) 13,391,275 I Shares indirectly held through South Lake One LLC ( 9 ) Common Stock 11/20/2019 P 52,401 A $ 18.63 ( 6 ) 13,443,676 I Shares indirectly held through South Lake One LLC ( 9 ) Common Stock 11/20/2019 P 52,400 A $ 18.55 ( 7 ) 13,496,076 I Shares indirectly held through South Lake One LLC ( 9 ) Common Stock 11/20/2019 P 52,400 A $ 19.14 ( 8 ) 13,548,476 I Shares indirectly held through South Lake One LLC ( 9 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Quiroga Moreno Isidoro AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1603, LAS CONDES SANTIAGO, F37550000 X South Lake One LLC AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1603, LAS CONDES SANTIAGO, F37550000 X Signatures /s/ Isidoro Quiroga Moreno 05/21/2020 Signature of Reporting Person Date /s/ Isidoro Quiroga Moreno, President, on behalf of South Lake One LLC 05/21/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.20 to $19.67 per share, inclusive. The reporting person undertakes to provide to Enphase Energy, Inc., a Delaware corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4. ( 2 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.64 to $18.91 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4. ( 3 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.28 to $19.77 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3) to this Form 4. ( 4 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.46 to $19.36 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4. ( 5 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.04 to $18.52 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5) to this Form 4. ( 6 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.37 to $18.87 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (6) to this Form 4. ( 7 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.37 to $18.72 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (7) to this Form 4. ( 8 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.67 to $19.57 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (8) to this Form 4. ( 9 )All shares of Common Stock are directly held by South Lake One LLC, a Delaware limited liability company ("South Lake"). South Lake is wholly owned by South Cone Investments Limited Partnership, a Canadian limited partnership, which is controlled by its general partner Inversiones El Aromo Limitada, a company organized under the laws of Chile ("El Aromo"), which is controlled by Isidoro Quiroga Moreno (who directly owns approximately 71% of the issued and outstanding capital stock of El Aromo).

Remarks: South Lake One, LLC 250 West 55th Street, New York, New York 10019

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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