Shaker Sadasivam - Jun 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: Jun 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/5/2023, 04:30 PM
Previous filing: Mar 3, 2023
Next filing: Sep 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTCI	Common Stock	Award	$0	+57.6K	+25.16%	$0.00	286K	Jun 1, 2023	Direct	F1
holding	FTCI	Common Stock						3.02M	Jun 1, 2023	By limited liability company	F2

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

Explanation of Responses:

Id	Content
F1	Reflects an annual grant of restricted stock units pursuant to the Issuer's 2021 Stock Incentive Plan in consideration of the Reporting Person's service on the board of directors (BOD) of the Issuer, and is subject to vesting upon the earlier of (x) the one year anniversary of grant and (y) the Issuer's 2024 shareholder meeting, subject to continued service on the BOD.
F2	The Reporting Person is the Manager of ChristSivam, LLC and has sole voting and dispositive power with respect to the shares held by ChristSivam, LLC. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.

Content

Reflects an annual grant of restricted stock units pursuant to the Issuer's 2021 Stock Incentive Plan in consideration of the Reporting Person's service on the board of directors (BOD) of the Issuer, and is subject to vesting upon the earlier of (x) the one year anniversary of grant and (y) the Issuer's 2024 shareholder meeting, subject to continued service on the BOD.

The Reporting Person is the Manager of ChristSivam, LLC and has sole voting and dispositive power with respect to the shares held by ChristSivam, LLC. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.