Tamara Mullings - Mar 1, 2023 Form 4 Insider Report for FTC Solar, Inc. (FTCI)

Role: Director
Signature: /s/ Jacob D. Wolf, as Attorney-in-Fact
Stock symbol: FTCI
Transactions as of: Mar 1, 2023
Transactions value $: $50,013
Form type: 4
Date filed: 3/3/2023, 03:31 PM
Previous filing: Jan 26, 2023
Next filing: May 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTCI	Common Stock	Award	$50K	+17.5K	+7.84%	$2.86	241K	Mar 1, 2023	Direct	F1

* 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 lieu of the annual cash compensation otherwise payable to the Reporting Person for her service on the board of directors of the Issuer. The number of restricted stock units was determined by dividing the amount of such annual cash compensation by the thirty (30) day volume weighted average price (VWAP) of the Issuer's common stock as of the date of grant.

Content

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 lieu of the annual cash compensation otherwise payable to the Reporting Person for her service on the board of directors of the Issuer. The number of restricted stock units was determined by dividing the amount of such annual cash compensation by the thirty (30) day volume weighted average price (VWAP) of the Issuer's common stock as of the date of grant.