ARC Family Trust - Oct 24, 2022 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Role
10%+ Owner
Signature
/s/ Jacob D. Wolf, as Attorney-in-Fact
Stock symbol
FTCI
Transactions as of
Oct 24, 2022
Transactions value $
-$262,160
Form type
4
Date filed
10/26/2022, 04:30 PM
Previous filing
Oct 21, 2022
Next filing
Oct 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTCI Common Stock Sale -$95K -50K -0.29% $1.90 17.1M Oct 24, 2022 Direct F1, F2, F3
transaction FTCI Common Stock Sale -$167K -84K -0.49% $1.99 17M Oct 25, 2022 Direct F1, F3, 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 owner of the shares.
F2 Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $1.81 to $2.09. 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 The ARC Family Trust was established by Ahmad Chatila, a member of the Issuer's board of directors, for the benefit of certain members of his family. Shaker Sadasivam, a member of the Issuer's board of directors, is the trustee of the ARC Family Trust and has sole voting and dispositive power with respect to these securities. Mr. Sadasivam 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 Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $1.88 to $2.04. 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.