David Springer - Jun 17, 2022 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Role: Director, 10%+ Owner
Signature: /s/ Jacob D. Wolf, as Attorney-in-Fact
Stock symbol: FTCI
Transactions as of: Jun 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/22/2022, 07:51 PM
Previous filing: Feb 15, 2022
Next filing: Sep 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTCI	Common Stock	Gift	$0	-1.05M	-16.81%	$0.00	5.2M	Apr 22, 2022	Direct	F1
transaction	FTCI	Common Stock	Gift	$0	+350K		$0.00	350K	Apr 22, 2022	By Trust	F2
transaction	FTCI	Common Stock	Gift	$0	+350K		$0.00	350K	Apr 22, 2022	By Trust	F3
transaction	FTCI	Common Stock	Gift	$0	+350K		$0.00	350K	Apr 22, 2022	By Trust	F4
transaction	FTCI	Common Stock	Award	$0	+35.8K	+0.69%	$0.00	5.23M	Jun 17, 2022	Direct	F5
holding	FTCI	Common Stock						2.47M	Jun 17, 2022	By Trust	F6
holding	FTCI	Common Stock						1.2M	Jun 17, 2022	By Trust	F1, F7
holding	FTCI	Common Stock						330K	Jun 17, 2022	By Trust	F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects shares contributed by the Reporting Person to the DS 2022 GRAT which was exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
F2	These shares are owned directly by the ZS 2021 Trust for the benefit of the Reporting Person's child. 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 ZS 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.
F3	These shares are owned directly by the NS 2021 Trust for the benefit of the Reporting Person's child. 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 NS 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.
F4	These shares are owned directly by the AS 2021 Trust for the benefit of the Reporting Person's child. 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 AS 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	The Reporting Person received this annual grant of securities from the Issuer in respect of his service on the board of directors of the Issuer.
F6	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.
F7	These shares are owned directly by the DS 2022 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 2022 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.
F8	These shares are owned directly by the KC 2021 Trust for the benefit of the Reporting Person's fiancee. 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.

Remarks:

The Reporting Person previously reported shares owned directly by the KC 2021 Trust, JT 2021 Trust and SF 2021 Trust. The Reporting Person no longer has any substitution power or other right to acquire securities held by such trusts, and therefore, no longer has a reportable beneficial interest in the shares held by them.