Cherukupalli Nagendra's Form 4 filing

FTC Solar, Inc. (FTCI) · filed Mar 3, 2023

Accession no.: 0001209191-23-015801
Filed: Mar 3, 2023
Trade date: Mar 1-3, 2023
Filing delay: 2 days
Rule 10b5-1 plan: Not on the form (before 2023)

Original on SEC EDGAR (opens in a new tab)

This filing lists 2 non-derivative transactions. Open-market sales total $446.4K. 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.

Reporting owners on this filing
Owner	Relationship to the company
Cherukupalli NagendraCIK 0001854569	Officer (CHIEF TECHNOLOGY OFFICER)

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade date	Security	Transaction	Shares	Price	Value	Shares after	Ownership	Flags
Mar 1, 2023	Common Stock	AGrant or awardAcquired	+17,454	$2.86^F1	+$49,918.44	1,982,834	Direct
Mar 3, 2023	Common Stock	SSaleDisposed	−155,000	$2.88^F2	−$446,400	1,827,834	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.

Reflects a grant of restricted stock units, which vested in full upon grant, pursuant to the Issuers 2021 Stock Incentive Plan made to the Reporting Person in exchange for the Reporting Persons agreement with the Issuer to forego his cash bonus earned for the fourth quarter of 2022. The number of restricted stock units was determined by dividing the amount of such cash bonus by the thirty (30) day volume weighted average price (VWAP) of the Issuers common stock as of the date of grant.

Referenced by the price of 1 transaction in Table I.

SPREAD Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $2.84 to $2.905. 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.

Read the full filing on SEC EDGAR (opens in a new tab)