Cook Patrick's Form 4 filing
FTC Solar, Inc. (FTCI) · filed Aug 19, 2022
- Accession no.
- 0000899243-22-029386
- Filed
- Aug 19, 2022, 7:56 PM ET
- Trade date
- Aug 17-19, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 7 non-derivative transactions and 3 derivative transactions. Open-market sales total $2.11M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Cook PatrickCIK 0001855935 | Officer (Chief Commercial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 17, 2022 | Common Stock | AGrant or awardAcquired | +13,555 | $4.55F1 | +$61,675.25 | 258,398 | Direct | |
| Aug 17, 2022 | Common Stock | MOption exerciseAcquired | +200,000 | $0.475 | +$95,000 | 458,398 | Direct | |
| Aug 17, 2022 | Common Stock | SSaleDisposed | −200,000 | $4.65F3 | −$930,000 | 258,398 | Direct | |
| Aug 18, 2022 | Common Stock | MOption exerciseAcquired | +175,000 | $0.475 | +$83,125 | 433,398 | Direct | |
| Aug 18, 2022 | Common Stock | SSaleDisposed | −175,000 | $4.56F4 | −$798,000 | 258,398 | Direct | |
| Aug 19, 2022 | Common Stock | MOption exerciseAcquired | +87,168 | $0.475 | +$41,404.8 | 345,566 | Direct | |
| Aug 19, 2022 | Common Stock | SSaleDisposed | −87,168 | $4.33F5 | −$377,437.44 | 258,398 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 17, 2022 | Common Stock | MOption exerciseDisposed | −200,000 | $0.00 | $0 | 1,037,000 | Direct | |
| Aug 18, 2022 | Common Stock | MOption exerciseDisposed | −175,000 | $0.00 | $0 | 862,000 | Direct | |
| Aug 19, 2022 | Common Stock | MOption exerciseDisposed | −87,168 | $0.00 | $0 | 774,832 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Reflects a grant of restricted stock units, which vested in full upon grant, pursuant to the Issuer's 2021 Stock Incentive Plan made to the Reporting Person in exchange for the Reporting Person's agreement with the Issuer to forego his cash bonus earned for the second quarter of 2022.
Referenced by the price of 1 transaction in Table I.
- F3
Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $$4.53 to $4.75. 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.
Referenced by the price of 1 transaction in Table I.
- F4
Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $4.50 to $4.71. 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.
Referenced by the price of 1 transaction in Table I.
- F5
Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $4.30 to $4.55. 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.
Referenced by the price of 1 transaction in Table I.