Cook Patrick 4
4 · FTC Solar, Inc. · Filed Dec 15, 2022
Insider Transaction Report
Form 4
FTC Solar, Inc.FTCI
Cook Patrick
CFO and Treasurer
Transactions
- Exercise/Conversion
Common Stock
2022-12-13$0.47/sh+183,258$87,048→ 387,759 total - Exercise/Conversion
Employee Stock Options (right to buy)
2022-12-13−183,258→ 553,742 totalExercise: $0.47Exp: 2029-07-25→ Common Stock (183,258 underlying)
Holdings
- 94,295(indirect: By Trust)
Common Stock
- 94,295(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]The common stock reported on this line of this Form 4 was issued as a result of the exercise of employee stock options.
- [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.
- [F4]1,030,833 of the options are fully vested and exercisable as of December 15, 2022, and the remaining 206,167 options will vest in monthly installments until July 29, 2023.