Sean Hunkler - 24 Sep 2021 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Jacob D. Wolf, as Attorney-in-Fact
Issuer symbol
FTCI
Transactions as of
24 Sep 2021
Net transactions value
$0
Form type
4
Filing time
01 Oct 2021, 17:12:03 UTC
Previous filing
07 Sep 2021
Next filing
15 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTCI COMMON STOCK Award $0 +632,250 $0.000000 632,250 24 Sep 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FTCI OPTIONS (Rights to Buy) Award $0 +1,053,750 $0.000000 1,053,750 24 Sep 2021 Common Stock 1,053,750 $8.14 Direct F2
transaction FTCI OPTIONS (Rights to Buy) Award $0 +1,053,750 $0.000000 1,053,750 24 Sep 2021 Common Stock 1,053,750 $8.14 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted stock units subject to a four year installment vesting schedule based on continued employment.
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.
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.