Nagendra Cherukupalli - 03 Dec 2021 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Role: CHIEF TECHNOLOGY OFFICER
Signature: /s/ Jacob D. Wolf, as Attorney-in-Fact
Issuer symbol: FTCI
Transactions as of: 03 Dec 2021
Net transactions value: +$108,052
Form type: 4
Filing time: 06 Dec 2021, 16:42:51 UTC
Next filing: 13 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTCI	Common Stock	Options Exercise	$108,052	+1,565,964	+831%	$0.0690^*	1,754,448	03 Dec 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	-1,565,964	-95%	$0.000000	83,370	03 Dec 2021	Common Stock	1,565,964	$0.0690	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.