Form 4 for FTCI FTC Solar, Inc.
Accepted 2021-10-01 00:00:00 ET · period of report 2021-09-24 · accession 0000899243-21-038649 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-10-01 | 2021-09-24 | FTCI | Hunkler Sean | Pres AND CEO, Dir | A - Grant | $0.00 | +632.2K | 632.2K | New | $0 |
| DM | 2021-10-01 | 2021-09-24 | FTCI | Hunkler Sean | Pres AND CEO, Dir | A - Grant | $0.00 | +2.11M | 1.05M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | COMMON STOCK | 2021-09-24 | A | A | 632,250 | $0.00 | 632,250 | D | — | — | (F1) Reflects a grant of restricted stock units subject to a four year installment vesting schedule based on continued employment. |
| 2 | Derivative | OPTIONS (Rights to Buy) | 2021-09-24 | A | A | 1,053,750 | $0.00 | 1,053,750 | D | $8.14 · — to — | 1,053,750 Common Stock | (F3) The options will be subject to a four year installment vesting schedule commencing on the first date after which the common stock of FTC Solar, Inc. has (a) closed above $60 per share on both the first and last day of any 90 day period, (b) closed above $60 per share on both the first and last day of any 60 trading day period during such 90 day period and (c) closed above $60 per share on at least 45 trading days during such 60 trading day period, provided that the options will be forfeited to the extent that such date has not occurred within 7 years of the grant date. |
| 3 | Derivative | OPTIONS (Rights to Buy) | 2021-09-24 | A | A | 1,053,750 | $0.00 | 1,053,750 | D | $8.14 · — to — | 1,053,750 Common Stock | (F2) The options will be subject to a four year installment vesting schedule commencing on the first date after which the common stock of FTC Solar, Inc. has (a) closed above $30 per share on both the first and last day of any 90 day period, (b) closed above $30 per share on both the first and last day of any 60 trading day period during such 90 day period and (c) closed above $30 per share on at least 45 trading days during such 60 trading day period, provided that the options will be forfeited to the extent that such date has not occurred within 4 years of the grant date or between the 4-year anniversary and the 7-year anniversary of the grant date in certain circumstances. |