Robert Phelps Morris - Jan 5, 2023 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Role: Chief Financial Officer
Signature: /s/ Jacob D. Wolf, as Attorney-in-Fact
Stock symbol: FTCI
Transactions as of: Jan 5, 2023
Transactions value $: -$43,276
Form type: 4
Date filed: 1/9/2023, 03:30 PM
Previous filing: Nov 17, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTCI	Common Stock	Sale	-$43.3K	-16.8K	-7.6%	$2.57	205K	Jan 5, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects a sale (i) pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person and (ii) in order to satisfy tax obligations of the Reporting Person that became payable due to the vesting and settlement of certain restricted stock units previously granted to the Reporting Person in exchange for the Reporting Person's agreement with the Issuer to forego a portion of his cash salary from July 1, 2022 until December 31, 2022.
F2	Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $2.515 to $2.65. 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.

Content

Reflects a sale (i) pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person and (ii) in order to satisfy tax obligations of the Reporting Person that became payable due to the vesting and settlement of certain restricted stock units previously granted to the Reporting Person in exchange for the Reporting Person's agreement with the Issuer to forego a portion of his cash salary from July 1, 2022 until December 31, 2022.

Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $2.515 to $2.65. 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.