Robert Phelps Morris - Aug 17, 2022 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Signature
/s/ Jacob D. Wolf, as Attorney-in-Fact
Stock symbol
FTCI
Transactions as of
Aug 17, 2022
Transactions value $
$30,282
Form type
4
Date filed
8/19/2022, 06:53 PM
Previous filing
Jul 6, 2022
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTCI Common Stock Award $46.1K +10.1K +5.1% $4.55 209K Aug 17, 2022 Direct F1
transaction FTCI Common Stock Sale -$15.9K -3.54K -1.69% $4.48 205K Aug 19, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted stock units, which vested in full upon grant, pursuant to the Issuer's 2021 Stock Incentive Plan made to the Reporting Person in exchange for the Reporting Person's agreement with the Issuer to forego his cash bonus earned for the second quarter of 2022.
F2 Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $4.45 to $4.52. 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. The shares were sold in order to satisfy tax obligations payable upon the settlement of the restricted stock units previously granted to the Reporting Person in exchange for the Reporting Person's agreement with the Issuer to forego his cash bonus earned for the second quarter of 2022