Nagendra Cherukupalli - Dec 3, 2021 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Role: CHIEF TECHNOLOGY OFFICER
Signature: /s/ Jacob D. Wolf, as Attorney-in-Fact
Stock symbol: FTCI
Transactions as of: Dec 3, 2021
Transactions value $: $108,052
Form type: 4
Date filed: 12/6/2021, 04:42 PM
Next filing: Jan 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTCI	Common Stock	Options Exercise	$108K	+1.57M	+830.82%	$0.07^*	1.75M	Dec 3, 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	Employee Stock Options (right to buy)	Options Exercise	$0	-1.57M	-94.95%	$0.00	83.4K	Dec 3, 2021	Common Stock	1.57M	$0.07	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The common stock reported on this Form 4 was issued as a result of the exercise of employuee stock options.
F2	1,614,972 of the options are fully vested and exercisable as of December 1, 2021, and the remaining 34,362 of the options will vest on January 1, 2022.
F3	All of the amounts of securities in this Form 4 reflect an approximately 8.25-for-1 forward split that was effectuated on April 28, 2021.