Patrick Cook - 15 Mar 2022 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Reporting relationship: CHIEF FINANCIAL OFFICER
Issuer ticker: FTCI
Reported as of: 15 Mar 2022
Net transaction value: -$601,075
SEC form: 4
Accepted by SEC: 17 Mar 2022, 16:30:17 UTC
Next SEC filing: 01 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Jacob D. Wolf, as Attorney-in-Fact

Key filing fact

Patrick Cook filed Form 4 for FTC Solar, Inc. (FTCI) on 17 Mar 2022.

Key facts

This page summarizes Patrick Cook's Form 4 filing for FTC Solar, Inc. (FTCI).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Mar 2022, 16:30.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$601,075.

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.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FTCI transaction

Common Stock

Sale

Transaction value: $300,537
Shares: -56,492
Change %: -27%
Price: $5.32
Shares after: 149,674
Date: 15 Mar 2022
Ownership: By Trust
Footnotes: F1, F2, F3, F4

FTCI transaction

Common Stock

Sale

Transaction value: $300,537
Shares: -56,492
Change %: -27%
Price: $5.32
Shares after: 149,674
Date: 15 Mar 2022
Ownership: By Trust
Footnotes: F1, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Reflects a sale pursuant to a Rule 10b5-1 trading plan adopted by the owner of the shares.

Footnote F2

Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $4.74 to $5.65. 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.

Footnote 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.

Footnote F4

These shares are owned directly by the Patrick Cook 2021 Trust for the benefit of the Reporting Person. The Reporting Person (a) is the sole trustee of the trust and (b) has sole voting and dispositive power with respect to the shares held by the trust. The Reporting Person's spouse has sole power to acquire for herself any assets held in the trust, including the shares, by substituting other property of equivalent value. 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.

Footnote F5

Footnote F6

These shares are owned directly by the Cook 2021 Family Trust for the benefit of the Reporting Person's children. The Reporting Person (a) is the sole investment adviser of the trust, (b) has sole power to direct the trustee as to the voting and disposition of 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. 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.