4//SEC Filing
Cherukupalli Nagendra 4
Accession 0001209191-22-057562
CIK 0001828161other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 4:35 PM ET
Size
7.4 KB
Accession
0001209191-22-057562
Insider Transaction Report
Form 4
FTC Solar, Inc.FTCI
Cherukupalli Nagendra
CHIEF TECHNOLOGY OFFICER
Transactions
- Award
Common Stock
2022-11-15$2.27/sh+23,682$53,758→ 1,978,245 total - Sale
Common Stock
2022-11-16$2.25/sh−12,865$28,946→ 1,965,380 total
Footnotes (2)
- [F1]Reflects a grant of restricted stock units, which vested in full upon grant, pursuant to the Issuers 2021 Stock Incentive Plan made to the Reporting Person in exchange for the Reporting Persons agreement with the Issuer to forego his cash bonus earned for the third quarter of 2022. The number of restricted stock units was determined by dividing the amount of such cash bonus by the thirty (30) day volume weighted average price (VWAP) of the Issuers common stock as of the date of grant.
- [F2]Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $2.23 to $2.29. 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. The shares were sold in order to satisfy tax obligations payable upon the settlement of the restricted stock units previously granted to the Reporting Person in exchange for the Reporting Person's agreement with the Issuer to forego his cash bonus earned for the third quarter of 2022.
Documents
Issuer
FTC Solar, Inc.
CIK 0001828161
Entity typeother
Related Parties
1- filerCIK 0001854569
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 4:35 PM ET
- Size
- 7.4 KB