4/A//SEC Filing
Cook Patrick 4/A
Accession 0001209191-22-062340
CIK 0001828161other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 4:30 PM ET
Size
12.7 KB
Accession
0001209191-22-062340
Insider Transaction Report
Form 4/AAmended
FTC Solar, Inc.FTCI
Cook Patrick
CFO and Treasurer
Transactions
- Exercise/Conversion
Common Stock
2022-08-23$0.47/sh+37,832$17,970→ 296,230 total - Sale
Common Stock
2022-08-23$4.31/sh−37,832$163,056→ 258,398 total - Exercise/Conversion
Employee Stock Options (right to buy)
2022-08-23−37,832→ 737,000 totalExercise: $0.47Exp: 2029-07-25→ Common Stock (37,832 underlying)
Holdings
- 94,295(indirect: By Trust)
Common Stock
- 94,295(indirect: By Trust)
Common Stock
Footnotes (5)
- [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]Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $4.25 to $4.35. 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.
- [F3]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.
- [F4]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.
- [F5]927,750 of the options are fully vested and exercisable as of August 23, 2022, and the remaining 309,250 options will vest in monthly installments until July 29, 2023.
Documents
Issuer
FTC Solar, Inc.
CIK 0001828161
Entity typeother
Related Parties
1- filerCIK 0001855935
Filing Metadata
- Form type
- 4/A
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 4:30 PM ET
- Size
- 12.7 KB