Nagendra Cherukupalli - 11 Jan 2022 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
11 Jan 2022
Net transactions value
-$480,521
Form type
4
Filing time
13 Jan 2022, 15:30:12 UTC
Previous filing
06 Dec 2021
Next filing
03 May 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 Sale $486,273 -74,127 -4.2% $6.56 1,680,321 11 Jan 2022 Direct F1, F2
transaction FTCI Common Stock Options Exercise $5,753 +83,370 +5% $0.0690* 1,763,691 12 Jan 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 -83,370 -100% $0.000000* 0 12 Jan 2022 Common Stock 83,370 $0.0690 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.