Nagendra Cherukupalli - Jan 11, 2022 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
Jan 11, 2022
Transactions value $
-$480,521
Form type
4
Date filed
1/13/2022, 03:30 PM
Previous filing
Dec 6, 2021
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTCI Common Stock Sale -$486K -74.1K -4.23% $6.56 1.68M Jan 11, 2022 Direct F1, F2
transaction FTCI Common Stock Options Exercise $5.75K +83.4K +4.96% $0.07* 1.76M Jan 12, 2022 Direct F3

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 -83.4K -100% $0.00* 0 Jan 12, 2022 Common Stock 83.4K $0.07 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $6.46 to $6.72. 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.
F3 Reflects shares issued as a result of the exercise of employuee stock options by the Reporting Person.
F4 The options were fully vested as of January 1, 2022.