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FIRST SOLAR, INC.·4

Mar 17, 7:27 PM ET

Dymbort Jason E. 4

Research Summary

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Updated

First Solar (FSLR) GC Jason Dymbort Sells 9,380 Shares

What Happened

  • Jason E. Dymbort, General Counsel and Secretary of First Solar (FSLR), reported the vesting/conversion of 854 restricted stock units (RSUs) on 2026-03-13 and open-market sales of 9,380 shares across 2026-03-16 and 2026-03-17. The open-market sales generated total proceeds of approximately $1,872,858 (358 shares at $200.80 = $71,886; 9,022 shares at a weighted average $199.62 = $1,800,972). The 854 vested RSUs were issued on 3/13 and reported as disposed to satisfy tax withholding (reported $0 proceeds).

Key Details

  • Transaction dates and prices:
    • 2026-03-13: 854 RSUs vested/converted to shares (reported as acquired at $0.00) — 20% tranche of 3/15/2022 grant.
    • 2026-03-13: 854 shares disposed at $0.00 to satisfy tax withholding on vesting.
    • 2026-03-16: Sold 358 shares @ $200.80 — proceeds $71,886.
    • 2026-03-17: Sold 9,022 shares @ weighted avg $199.62 — proceeds $1,800,972 (multiple trades ranged $199.53–$200.00).
  • Total open-market sale proceeds: ~$1,872,858.
  • Shares owned after transaction: Not specified in the provided filing.
  • Notable footnotes:
    • RSUs granted 3/15/2022 vest 20% annually (F1, F5, F6).
    • 854 shares were withheld to satisfy tax obligations on vesting (F2).
    • The 3/17 sale was executed under a pre-established Rule 10b5-1 trading plan adopted 11/13/2025 (F3).
    • The 3/17 line reflects a weighted average price across multiple trades (F4).
  • Filing date: Form 4 filed 2026-03-17 reporting transactions through 2026-03-13–03-17. The filing itself does not state any late-report designation.

Context

  • The 854-share conversion reflects RSU vesting (each RSU converts to one share); the immediate disposition of those shares at $0.00 reflects shares surrendered/withheld to cover tax withholding, not an open-market sale for cash.
  • The larger sales on 3/16–3/17 were open-market disposals, with the 3/17 sale executed under a prearranged 10b5-1 plan — such prearranged plans are commonly used to automate sales and do not by themselves indicate a change in insider sentiment.