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

Signature
/s/ Jacob D. Wolf, as Attorney-in-Fact
Stock symbol
FTCI
Transactions as of
Mar 1, 2023
Transactions value $
-$21,095
Form type
4
Date filed
3/3/2023, 04:22 PM
Previous filing
Nov 17, 2022
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTCI Common Stock Award $39.3K +13.7K +3.55% $2.86 400K Mar 1, 2023 Direct F1
transaction FTCI Common Stock Sale -$60.4K -20K -4.99% $3.02 380K Mar 1, 2023 Direct F2
* 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 Issuers 2021 Stock Incentive Plan made to the Reporting Person in exchange for the Reporting Persons agreement with the Issuer to forego his cash bonus earned for the fourth quarter of 2022. The number of restricted stock units was determined by dividing the amount of such cash bonus by the thirty (30) day volume weighted average price (VWAP) of the Issuers common stock as of the date of grant.
F2 Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $2.99 to $3.06. 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.