Verma Kuntal Kumar 4
4 · FIRST SOLAR, INC. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
First Solar (FSLR) CMO Kuntal Verma Sells Shares
What Happened
Kuntal Verma, Chief Manufacturing Officer of First Solar (FSLR), received a series of restricted-stock related share issuances/convertions on March 6, 2026 (total reported acquisitions = 6,883 shares at $0.00, reflecting RSU vesting/grants). He then sold 1,386 shares in open-market transactions on March 9, 2026 at $190.36 per share, generating aggregate proceeds of approximately $263,840. The acquisitions are reported as $0 because they reflect vested restricted stock units (derivative conversions/awards), not cash purchases.
Key Details
- Transaction dates and prices:
- March 6, 2026: Acquired (conversion/vesting/grant) reported for 6,883 shares at $0.00 (derivative/RSU-related).
- March 9, 2026: Sold 274, 199, 399 and 514 shares (total 1,386) in open market at $190.36 each; total proceeds ≈ $263,840.
- Shares owned after the transactions: Not specified in the filing.
- Notable footnotes:
- The acquisitions reflect regular vesting/awards of restricted stock units granted in prior years and as part of the issuer’s annual equity grants (see footnotes F1–F4, F10–F11).
- Some shares were sold to satisfy tax-withholding obligations upon vesting (footnote F5).
- Each RSU converts to one share upon vesting (footnote F6).
- Filing timeliness: Form 4 was filed March 10, 2026 and covers the March 6 and March 9 transactions; the filing appears to have been submitted promptly.
Context
- The March 6 entries are derivative/RSU-related (vest/convert or grant), not open-market purchases. The subsequent March 9 open-market sales look like routine insider selling following vesting (including withholding to cover taxes), rather than a cash purchase that would be interpreted as a direct bullish bet.
- This report is for an executive officer (not a 10% owner); disclosures mainly document compensation-related vesting and routine sales rather than an investment by the officer.
Insider Transaction Report
Form 4
Verma Kuntal Kumar
Chief Manufacturing Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-06+651→ 8,257 total - Exercise/Conversion
Common Stock
[F2]2026-03-06+471→ 8,728 total - Exercise/Conversion
Common Stock
[F3]2026-03-06+947→ 9,675 total - Exercise/Conversion
Common Stock
[F4]2026-03-06+1,220→ 10,895 total - Sale
Common Stock
[F5]2026-03-09$190.36/sh−274$52,159→ 10,621 total - Sale
Common Stock
[F5]2026-03-09$190.36/sh−199$37,882→ 10,422 total - Sale
Common Stock
[F5]2026-03-09$190.36/sh−399$75,954→ 10,023 total - Sale
Common Stock
[F5]2026-03-09$190.36/sh−514$97,845→ 9,509 total - Exercise/Conversion
Restricted Stock Units
[F6][F7]2026-03-06−651→ 0 total→ Common Stock (651 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F8]2026-03-06−471→ 942 total→ Common Stock (471 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F9]2026-03-06−947→ 1,894 total→ Common Stock (947 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F10]2026-03-06−1,220→ 3,661 total→ Common Stock (1,220 underlying) - Award
Restricted Stock Units
[F6][F11]2026-03-06+3,594→ 3,594 total→ Common Stock (3,594 underlying)
Footnotes (11)
- [F1]Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2021.
- [F10]The restricted stock units were granted on March 6, 2025 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2025 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
- [F11]The restricted stock units were granted on March 6, 2026 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2026 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
- [F2]Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2023.
- [F3]Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2024.
- [F4]Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2025.
- [F5]Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- [F6]Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2020 Omnibus Incentive Compensation Plan.
- [F7]The restricted stock units were granted on March 6, 2021 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2021 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
- [F8]The restricted stock units were granted on March 6, 2023 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2023 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
- [F9]The restricted stock units were granted on March 6, 2024 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2024 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
Signature
/s/ Jason E. Dymbort, attorney-in-fact|2026-03-10