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FIRST SOLAR, INC. — Director's Dealing 2025
Mar 10, 2025
30228_dirs_2025-03-10_c6095c36-b1f9-4ffb-8f33-f4c06f9fe62d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FIRST SOLAR, INC. (FSLR)
CIK: 0001274494
Period of Report: 2025-03-06
Reporting Person: Verma Kuntal Kumar (Chief Manufacturing Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-06 | Common Stock | M | 651 | — | Acquired | 4200 | Direct |
| 2025-03-06 | Common Stock | F | 292 | $131.13 | Disposed | 3908 | Direct |
| 2025-03-06 | Common Stock | M | 471 | — | Acquired | 4379 | Direct |
| 2025-03-06 | Common Stock | F | 212 | $131.13 | Disposed | 4167 | Direct |
| 2025-03-06 | Common Stock | M | 947 | — | Acquired | 5114 | Direct |
| 2025-03-07 | Common Stock | S | 419 | $132.96 | Disposed | 4695 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-06 | Restricted Stock Units | $ | M | 651 | Disposed | Common Stock (651) | Direct | |
| 2025-03-06 | Restricted Stock Units | $ | M | 471 | Disposed | Common Stock (471) | Direct | |
| 2025-03-06 | Restricted Stock Units | $ | M | 947 | Disposed | Common Stock (947) | Direct | |
| 2025-03-06 | Restricted Stock Units | $ | A | 4881 | Acquired | Common Stock (4881) | Direct |
Footnotes
F1: Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2021.
F2: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
F3: Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2023.
F4: Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2024.
F5: Represents shares of common stock sold 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.
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.