Caroline Stockdale - Mar 6, 2023 Form 4 Insider Report for FIRST SOLAR, INC. (FSLR)

Role: Chief People and Comm. Officer
Signature: /s/ Jason E. Dymbort, attorney-in-fact
Stock symbol: FSLR
Transactions as of: Mar 6, 2023
Transactions value $: -$351,144
Form type: 4
Date filed: 3/8/2023, 05:44 PM
Previous filing: Mar 6, 2023
Next filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FSLR	Common Stock	Options Exercise	$0	+2.88K	+13.63%	$0.00	24K	Mar 6, 2023	Direct	F1
transaction	FSLR	Common Stock	Tax liability	-$262K	-1.24K	-5.14%	$212.30	22.8K	Mar 6, 2023	Direct	F2
transaction	FSLR	Common Stock	Options Exercise	$0	+977	+4.29%	$0.00	23.8K	Mar 6, 2023	Direct	F3
transaction	FSLR	Common Stock	Tax liability	-$89K	-419	-1.76%	$212.30	23.3K	Mar 6, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FSLR	Restricted Stock Units	Options Exercise	$0	-2.88K	-50%	$0.00	2.88K	Mar 6, 2023	Common Stock	2.88K		Direct	F4, F5
transaction	FSLR	Restricted Stock Units	Options Exercise	$0	-977	-25%	$0.00	2.93K	Mar 6, 2023	Common Stock	977		Direct	F6, F7

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

Explanation of Responses:

Id	Content
F1	Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2020.
F2	Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
F3	Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2021.
F4	Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2015 Omnibus Incentive Compensation Plan.
F5	The restricted stock units were granted on March 6, 2020 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
F6	Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2020 Omnibus Incentive Compensation Plan.
F7	The restricted stock units were granted on March 6, 2021 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.