Form 4 for FTCI FTC Solar, Inc.
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001209191-23-015801 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-03-03 | 2023-03-01 | FTCI | Cherukupalli Nagendra | CTO | A - Grant | $2.86 | +17.5K | 1.98M | +0.9% | +$49.9K | |
| 2023-03-03 | 2023-03-03 | FTCI | Cherukupalli Nagendra | CTO | S - Sale | $2.88 | -155.0K | 1.83M | -8% | -$446.4K |
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 | 2023-03-01 | A | A | 17,454 | $2.86 | 1,982,834 | D | — | — | (F1) Reflects a grant of restricted stock units, which vested in full upon grant, pursuant to the Issuers 2021 Stock Incentive Plan made to the Reporting Person in exchange for the Reporting Persons agreement with the Issuer to forego his cash bonus earned for the fourth quarter of 2022. The number of restricted stock units was determined by dividing the amount of such cash bonus by the thirty (30) day volume weighted average price (VWAP) of the Issuers common stock as of the date of grant. |
| 2 | Common | Common Stock | 2023-03-03 | S | D | 155,000 | $2.88 | 1,827,834 | D | — | — | (F2) SPREAD Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $2.84 to $2.905. 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. |