Patrick Cook - Dec 12, 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
Dec 12, 2023
Transactions value $
$0
Form type
4
Date filed
12/14/2023, 06:30 PM
Previous filing
Sep 12, 2023
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTCI Common Stock Award $0 +600K +86.44% $0.00 1.29M Dec 12, 2023 Direct F1
holding FTCI Common Stock 94.3K Dec 12, 2023 By Trust F2
holding FTCI Common Stock 94.3K Dec 12, 2023 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of performance based restricted stock units pursuant to the Issuer's 2021 Stock Incentive Plan, and is subject to vesting, in whole or in part as further described in the grant documentation, upon (i) the Issuer's publicly traded common stock achieving a $5, $8 and/or $10 price during the four year period from the grant date and (ii) the recipient's continued employment with the Issuer on any such date of achievement.
F2 These shares are owned directly by the Patrick Cook 2021 Trust for the benefit of the Reporting Person. The Reporting Person (a) is the sole trustee of the trust and (b) has sole voting and dispositive power with respect to the shares held by the trust. The Reporting Person's spouse has sole power to acquire for herself any assets held in the trust, including the shares, by substituting other property of equivalent value. 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.
F3 These shares are owned directly by the Cook 2021 Family Trust for the benefit of the Reporting Person's children. The Reporting Person (a) is the sole investment adviser of the trust, (b) has sole power to direct the trustee as to the voting and disposition of the shares held by the trust, and (c) has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value. 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.