4//SEC Filing
ARC Family Trust 4
Accession 0001209191-23-049647
CIK 0001828161other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 6:30 PM ET
Size
6.0 KB
Accession
0001209191-23-049647
Insider Transaction Report
Form 4
FTC Solar, Inc.FTCI
ARC Family Trust
10% Owner
Transactions
- Sale
Common Stock
2023-09-14$1.40/sh−50,000$70,000→ 11,890,857 total
Footnotes (3)
- [F1]Reflects a sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2023.
- [F2]Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $1.32 to $1.45. 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]The ARC Family Trust was established by Ahmad Chatila, a member of the Issuer's board of directors, for the benefit of certain members of his family. Shaker Sadasivam, a member of the Issuer's board of directors, is the trustee of the ARC Family Trust and has sole voting and dispositive power with respect to these securities. Mr. Sadasivam 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.
Documents
Issuer
FTC Solar, Inc.
CIK 0001828161
Entity typeother
Related Parties
1- filerCIK 0001857126
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 6:30 PM ET
- Size
- 6.0 KB