4//SEC Filing
Cook Patrick 4
Accession 0001209191-23-049132
CIK 0001828161other
Filed
Sep 11, 8:00 PM ET
Accepted
Sep 12, 6:23 PM ET
Size
12.3 KB
Accession
0001209191-23-049132
Insider Transaction Report
Form 4
FTC Solar, Inc.FTCI
Cook Patrick
CFO and Treasurer
Transactions
- Sale
Common Stock
2023-09-08$1.63/sh−100,000$163,000→ 694,116 total - Exercise/Conversion
Common Stock
2023-09-08$0.47/sh+350,000$166,250→ 794,116 total - Exercise/Conversion
Employee Stock Options (right to buy)
2023-09-08−350,000→ 203,742 totalExercise: $0.47Exp: 2029-07-25→ Common Stock (350,000 underlying)
Holdings
- 94,295(indirect: By Trust)
Common Stock
- 94,295(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]The common stock reported on this line was issued as a result of the exercise of employee stock options.
- [F2]Reflects a sale in order to satisfy certain tax obligations of the Reporting Person and to pay in part the option exercise price, in each case, that became due upon the exercise of employee stock options.
- [F3]Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $1.60 to $1.69. 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.
- [F4]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.
- [F5]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.
- [F6]The options were fully vested as of July 29, 2023.
Documents
Issuer
FTC Solar, Inc.
CIK 0001828161
Entity typeother
Related Parties
1- filerCIK 0001855935
Filing Metadata
- Form type
- 4
- Filed
- Sep 11, 8:00 PM ET
- Accepted
- Sep 12, 6:23 PM ET
- Size
- 12.3 KB