| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FTCI | Common Stock | Sale | -$97.2K | -30K | -0.22% | $3.24 | 13.7M | Jul 3, 2023 | Direct | F1, F2, F3 |
| transaction | FTCI | Common Stock | Sale | -$110K | -35K | -0.26% | $3.14 | 13.7M | Jul 5, 2023 | Direct | F1, F3, F4 |
| transaction | FTCI | Common Stock | Other | $0 | -313K | -2.28% | $0.00 | 13.4M | Jul 5, 2023 | Direct | F3, F5 |
| transaction | FTCI | Common Stock | Sale | -$105K | -35K | -0.26% | $3.00 | 13.3M | Jul 6, 2023 | Direct | F1, F3, F6 |
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).
| Id | Content |
|---|---|
| F1 | Reflects a sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2023. |
| F2 | Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $3.17 to $3.295. 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. |
| F3 | The ARC Family Trust was established by Ahmad Chatila, a member of the Issuer's board of directors, for the benefit of certain members of his family. Shaker Sadasivam, a member of the Issuer's board of directors, is the trustee of the ARC Family Trust and has sole voting and dispositive power with respect to these securities. Mr. Sadasivam 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. |
| F4 | Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $3.075 to $3.195. 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. |
| F5 | Represents a transfer by the Reporting Person to the Issuer of securities for no consideration, which was undertaken to allow the Issuer to make equity compensation grants to key individuals pursuant to the Issuer's equity incentive plan without additional dilution. |
| F6 | Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $2.94 to $3.045. 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. |