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

Role
PRESIDENT AND CEO, Director
Signature
/s/ Jacob D. Wolf, as Attorney-in-Fact
Stock symbol
FTCI
Transactions as of
Sep 24, 2021
Transactions value $
$0
Form type
4
Date filed
10/1/2021, 05:12 PM
Previous filing
Sep 7, 2021
Next filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTCI COMMON STOCK Award $0 +632K $0.00 632K Sep 24, 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 +1.05M $0.00 1.05M Sep 24, 2021 Common Stock 1.05M $8.14 Direct F2
transaction FTCI OPTIONS (Rights to Buy) Award $0 +1.05M $0.00 1.05M Sep 24, 2021 Common Stock 1.05M $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.