Markus Gloeckler - Aug 18, 2023 Form 4 Insider Report for FIRST SOLAR, INC. (FSLR)

Role
Chief Technology Officer
Signature
/s/ Jason E. Dymbort, attorney-in-fact
Stock symbol
FSLR
Transactions as of
Aug 18, 2023
Transactions value $
-$160,184
Form type
4
Date filed
8/22/2023, 04:44 PM
Previous filing
Mar 17, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSLR Common Stock Options Exercise $0 +843 +11.02% $0.00 8.49K Aug 18, 2023 Direct F1
transaction FSLR Common Stock Tax liability -$75.7K -379 -4.46% $199.83 8.11K Aug 18, 2023 Direct F2
transaction FSLR Common Stock Sale -$84.4K -464 -5.72% $182.00 7.65K Aug 21, 2023 Direct F3

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 -843 -100% $0.00* 0 Aug 18, 2023 Common Stock 843 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on August 15, 2019.
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 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on May 15, 2023.
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 August 15, 2019 as a performance recognition grant. The restricted stock units granted on August 15, 2019 vested annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.