Hunkler Sean 4
4 · FTC Solar, Inc. · Filed Oct 1, 2021
Insider Transaction Report
Form 4
FTC Solar, Inc.FTCI
Hunkler Sean
DirectorPRESIDENT AND CEO
Transactions
- Award
COMMON STOCK
2021-09-24+632,250→ 632,250 total - Award
OPTIONS (Rights to Buy)
2021-09-24+1,053,750→ 1,053,750 totalExercise: $8.14→ Common Stock (1,053,750 underlying) - Award
OPTIONS (Rights to Buy)
2021-09-24+1,053,750→ 1,053,750 totalExercise: $8.14→ Common Stock (1,053,750 underlying)
Footnotes (3)
- [F1]Reflects a grant of restricted stock units subject to a four year installment vesting schedule based on continued employment.
- [F2]The options will be subject to a four year installment vesting schedule commencing on the first date after which the common stock of FTC Solar, Inc. has (a) closed above $30 per share on both the first and last day of any 90 day period, (b) closed above $30 per share on both the first and last day of any 60 trading day period during such 90 day period and (c) closed above $30 per share on at least 45 trading days during such 60 trading day period, provided that the options will be forfeited to the extent that such date has not occurred within 4 years of the grant date or between the 4-year anniversary and the 7-year anniversary of the grant date in certain circumstances.
- [F3]The options will be subject to a four year installment vesting schedule commencing on the first date after which the common stock of FTC Solar, Inc. has (a) closed above $60 per share on both the first and last day of any 90 day period, (b) closed above $60 per share on both the first and last day of any 60 trading day period during such 90 day period and (c) closed above $60 per share on at least 45 trading days during such 60 trading day period, provided that the options will be forfeited to the extent that such date has not occurred within 7 years of the grant date.