Form 4 for FTCI FTC Solar, Inc.
Accepted 2022-08-19 00:00:00 ET · period of report 2022-08-17 · accession 0000899243-22-029386 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-08-19 | 2022-08-17+ | FTCI | Cook Patrick | Chief Commercial Off | M - OptEx | $0.48 | +462.2K | 345.6K | New | +$221.8K |
| DM | 2022-08-19 | 2022-08-17+ | FTCI | Cook Patrick | Chief Commercial Off | S - Sale+OE | $4.56 | -462.2K | 258.4K | -64% | -$2.11M |
| D | 2022-08-19 | 2022-08-17 | FTCI | Cook Patrick | Chief Commercial Off | A - Grant | $4.55 | +13.6K | 258.4K | +6% | +$61.7K |
| DM | 2022-08-19 | 2022-08-17+ | FTCI | Cook Patrick | Chief Commercial Off | M - OptEx | $0.00 | -462.2K | 862.0K | -35% | $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 | 2022-08-17 | M | A | 200,000 | $0.48 | 458,398 | D | — | — | (F2) The common stock reported on this line of this Form 4 was issued as a result of the exercise of employee stock options. |
| 2 | Common | Common Stock | 2022-08-17 | S | D | 200,000 | $4.65 | 258,398 | D | — | — | (F3) Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $$4.53 to $4.75. 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. |
| 3 | Common | Common Stock | 2022-08-18 | M | A | 175,000 | $0.48 | 433,398 | D | — | — | (F2) The common stock reported on this line of this Form 4 was issued as a result of the exercise of employee stock options. |
| 4 | Common | Common Stock | 2022-08-17 | A | A | 13,555 | $4.55 | 258,398 | D | — | — | (F1) Reflects a grant of restricted stock units, which vested in full upon grant, pursuant to the Issuer's 2021 Stock Incentive Plan made to the Reporting Person in exchange for the Reporting Person's agreement with the Issuer to forego his cash bonus earned for the second quarter of 2022. |
| 5 | Common | Common Stock | 2022-08-19 | M | A | 87,168 | $0.48 | 345,566 | D | — | — | (F2) The common stock reported on this line of this Form 4 was issued as a result of the exercise of employee stock options. |
| 6 | Common | Common Stock | 2022-08-18 | S | D | 175,000 | $4.56 | 258,398 | D | — | — | (F4) Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $4.50 to $4.71. 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. |
| 7 | Common | Common Stock | 2022-08-19 | S | D | 87,168 | $4.33 | 258,398 | D | — | — | (F5) Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $4.30 to $4.55. 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. |
| 8 | Derivative | Employee Stock Options (right to buy) | 2022-08-17 | M | D | 200,000 | $0.00 | 1,037,000 | D | $0.48 · — to 2029-07-25 | 200,000 Common Stock | (F8) Reflects an adjustment for an approximately 8.25-for-1 forward split that was effectuated on April 28, 2021. (F9) 927,750 of the options are fully vested and exercisable as of August 19, 2022, and the remaining 309,250 options will vest in monthly installments until July 29, 2023. |
| 9 | Derivative | Employee Stock Options (right to buy) | 2022-08-19 | M | D | 87,168 | $0.00 | 774,832 | D | $0.48 · — to 2029-07-25 | 87,168 Common Stock | (F8) Reflects an adjustment for an approximately 8.25-for-1 forward split that was effectuated on April 28, 2021. (F9) 927,750 of the options are fully vested and exercisable as of August 19, 2022, and the remaining 309,250 options will vest in monthly installments until July 29, 2023. |
| 10 | Derivative | Employee Stock Options (right to buy) | 2022-08-18 | M | D | 175,000 | $0.00 | 862,000 | D | $0.48 · — to 2029-07-25 | 175,000 Common Stock | (F8) Reflects an adjustment for an approximately 8.25-for-1 forward split that was effectuated on April 28, 2021. (F9) 927,750 of the options are fully vested and exercisable as of August 19, 2022, and the remaining 309,250 options will vest in monthly installments until July 29, 2023. |