Buehler Patrick James 4

What Happened
Patrick James Buehler, Chief Product Officer at First Solar (FSLR), had 553 restricted stock units (RSUs) convert to common stock on May 4, 2026 (reported as an exercise/conversion). Following vesting, 235 shares were sold in an open‑market transaction on May 5, 2026 at $215.63 each, netting $50,673. The filing also shows shares were surrendered/handled to satisfy tax withholding in connection with the RSU vesting.

Key Details

• Transaction dates: May 4, 2026 (RSU conversion/vesting); May 5, 2026 (open‑market sale).
• Open‑market sale: 235 shares at $215.63 each = $50,673. (Code S)
• Vesting/conversion: 553 shares reported as acquired at $0.00 on May 4, 2026 (Code M). Some shares were disposed by the issuer to satisfy tax withholding (footnote).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1–F4 indicate these were 25% vesting of RSUs granted May 1, 2025 under the 2020 Omnibus Plan; each RSU converts to one share; issuer sold shares to satisfy tax withholding.
• Filing timeliness: Report covers period ending May 4, 2026 and was filed May 5, 2026 (filed the next day).

Context
The M-code activity represents RSUs vesting/converting to common shares rather than a cash purchase. The issuer’s sale of shares to satisfy tax withholding is a routine administrative step and separate from the open‑market sale of 235 shares. Such sales by insiders after vesting are common and do not, by themselves, indicate a change in the insider’s long‑term view.