Form 4 for FTCI FTC Solar, Inc.
Accepted 2022-05-25 00:00:00 ET · period of report 2022-05-23 · accession 0000899243-22-019475 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-05-25 | 2022-05-23+ | FTCI | ARC Family Trust | 10% | S - Sale | $3.79 | -184.0K | 20.65M | -0.9% | -$698.3K |
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 | 2022-05-23 | S | D | 92,000 | $3.81 | 20,745,357 | D | — | — | (F2) Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $3.60 to $3.94. 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. (F1) Reflects a sale pursuant to a Rule 10b5-1 trading plan adopted by the owner of the shares. (F3) The ARC Family Trust was established by Ahmad Chatila, a member of the Issuer's board of directors, for the benefit of certain members of his family. Shaker Sadasivam, a member of the Issuer's board of directors, is the trustee of the ARC Family Trust and has sole voting and dispositive power with respect to these securities. Mr. Sadasivam disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose. |
| 2 | Common | Common Stock | 2022-05-24 | S | D | 92,000 | $3.78 | 20,653,357 | D | — | — | (F4) Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $3.645 to $3.87. 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. (F1) Reflects a sale pursuant to a Rule 10b5-1 trading plan adopted by the owner of the shares. (F3) The ARC Family Trust was established by Ahmad Chatila, a member of the Issuer's board of directors, for the benefit of certain members of his family. Shaker Sadasivam, a member of the Issuer's board of directors, is the trustee of the ARC Family Trust and has sole voting and dispositive power with respect to these securities. Mr. Sadasivam disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose. |