David Springer - 11 Feb 2022 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Role: Director, 10%+ Owner
Signature: /s/ Jacob D. Wolf, as Attorney-in-Fact
Issuer symbol: FTCI
Transactions as of: 11 Feb 2022
Net transaction value: -$573,000
Form type: 4
Filing time: 15 Feb 2022, 15:38:48 UTC
Previous filing: 11 Jan 2022
Next filing: 22 Jun 2022
SEC filing: View on sec.gov

Key filing fact

David Springer filed Form 4 for FTC Solar, Inc. (FTCI) on 15 Feb 2022.

Key facts

This page summarizes David Springer's Form 4 filing for FTC Solar, Inc. (FTCI).
1 reported transaction and 0 derivative rows are listed below.
Filing timestamp: 15 Feb 2022, 15:38.

Change

Previous filing in this sequence was filed on 11 Jan 2022.
Current net transaction value: -$573,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

FTCI transaction

COMMON STOCK

Sale

Transaction value: $573,000
Shares: -150,000
Change %: -2%
Price: $3.82
Shares after: 7,446,494
Date: 11 Feb 2022
Ownership: Direct
Footnotes: F1, F2

FTCI holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,474,001
Date: 11 Feb 2022
Ownership: By Trust
Footnotes: F3

FTCI holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 329,867
Date: 11 Feb 2022
Ownership: By Trust
Footnotes: F4

FTCI holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 247,400
Date: 11 Feb 2022
Ownership: By Trust
Footnotes: F5

FTCI holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 247,400
Date: 11 Feb 2022
Ownership: By Trust
Footnotes: F6

FTCI holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 32,987
Date: 11 Feb 2022
Ownership: By Trust
Footnotes: F7

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 were made 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 $3.72 to $4.00. 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	These shares are owned directly by the DS 2021 GRAT for the benefit of the Reporting Person. The Reporting Person (a) is the sole trustee, (b) has sole voting and dispositive power with respect to the shares held by the trust and (c) has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the DS 2021 GRAT. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
F4	These shares are owned directly by the KC 2021 Trust for the benefit of the Reporting Person's fiancee. The Reporting Person has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the KC 2021 Trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
F5	These shares are owned directly by the JT 2021 Trust. The Reporting Person has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the JT 2021 Trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
F6	These shares are owned directly by the SF 2021 Trust. The Reporting Person has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the SF 2021 Trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
F7	These shares are owned directly by the KNS 2021 Trust for the benefit of the Reporting Person's sister. The Reporting Person has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the KNS 2021 Trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.