Form 4 for FTCI FTC Solar, Inc.

Accepted 2024-08-19 00:00:00 ET · period of report 2024-08-19 · accession 0000950170-24-098497 · 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	2024-08-19	2024-08-19	FTCI	Brandt Yann	CEO	A - Grant	$0.00	+6.50M	6.50M	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-08-19	A	A	4,000,000	$0.00	4,000,000	D	—	—	(F1) Reflects a grant of restricted stock units (RSUs) pursuant to an employment agreement as an inducement grant to a new hire outside of the Issuer's 2021 Stock Incentive Plan, and is subject to a four-year vesting period as follows: (a) 25% of RSUs will vest on the grant date and (b) 1/48 of the RSUs will vest at the end of each month thereafter for the next 36 months; provided, in each case, in each case, that the reporting person is an active employee as of each such relevant vesting date.
2	Common	Common Stock	2024-08-19	A	A	2,500,000	$0.00	6,500,000	D	—	—	(F2) Reflects a grant of performance based RSUs pursuant to an employment agreement as an inducement grant to a new hire outside of the Issuer's 2021 Stock Incentive Plan, and is subject to vesting, in whole or in part as further described in the employment agreement, upon (i) the Issuer's publicly traded common stock achieving a $5, $8 and/or $10 price during the four year period from the grant date and (ii) the recipient's continued employment with the Issuer on any such date of achievement.