SADASIVAM SHAKER 4
4 · FTC Solar, Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
FTC Solar (FTCI) Director Sadasivam Shaker Buys 27,025 Shares
What Happened
Sadasivam Shaker, a director of FTC Solar, purchased 27,025 shares (transaction code P) on 2026-05-06 in open‑market transactions. The shares were acquired at a weighted average price of $3.70 per share for a total reported value of $99,993. The filing indicates the purchases occurred in multiple trades at prices ranging from $3.680 to $3.700.
Key Details
- Transaction date: 2026-05-06 (reported on Form 4 filed 2026-05-07) — timely filing.
- Price: weighted average $3.70; per‑trade prices ranged $3.680–$3.700.
- Shares acquired: 27,025; aggregate purchase value: $99,993.
- Shares owned after transaction: not specified in this Form 4.
- Footnotes:
- F1: Weighted average price reflects multiple transactions; Reporting Person can provide per‑trade breakdown on request.
- F2: The Reporting Person is manager of ChristSivam, LLC and has sole voting and dispositive power over shares held by that LLC; he disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
This was a straight purchase (not an option exercise, award, gift, or sale), which some investors view as a positive signal because insiders are adding shares. The amount is modest (~$100k) and the filing indicates the trades were executed across several prices and reported promptly.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-05-06$3.70/sh+27,025$99,993→ 81,508 total
- 301,710(indirect: By limited liability company)
Common Stock
[F2]
Footnotes (2)
- [F1]Represents a weighted average purchase price per share for these shares, which were purchased in multiple transactions at prices ranging from $3.680 to $3.700. The Reporting Person undertakes to provide to the Issuer, the staff of the Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- [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.