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FTC Solar, Inc. — Director's Dealing 2021
Oct 1, 2021
34159_dirs_2021-10-01_4f128525-4a1c-4ee5-89cb-118744a7b1f4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FTC Solar, Inc. (FTCI)
CIK: 0001828161
Period of Report: 2021-09-24
Reporting Person: Hunkler Sean (Director, PRESIDENT AND CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-09-24 | COMMON STOCK | A | 632250 | $0.00 | Acquired | 632250 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-09-24 | OPTIONS (Rights to Buy) | $8.14 | A | 1053750 | Acquired | Common Stock (1053750) | Direct | |
| 2021-09-24 | OPTIONS (Rights to Buy) | $8.14 | A | 1053750 | Acquired | Common Stock (1053750) | Direct |
Footnotes
F1: Reflects a grant of restricted stock units subject to a four year installment vesting schedule based on continued employment.
F2: The options will be subject to a four year installment vesting schedule commencing on the first date after which the common stock of FTC Solar, Inc. has (a) closed above $30 per share on both the first and last day of any 90 day period, (b) closed above $30 per share on both the first and last day of any 60 trading day period during such 90 day period and (c) closed above $30 per share on at least 45 trading days during such 60 trading day period, provided that the options will be forfeited to the extent that such date has not occurred within 4 years of the grant date or between the 4-year anniversary and the 7-year anniversary of the grant date in certain circumstances.
F3: The options will be subject to a four year installment vesting schedule commencing on the first date after which the common stock of FTC Solar, Inc. has (a) closed above $60 per share on both the first and last day of any 90 day period, (b) closed above $60 per share on both the first and last day of any 60 trading day period during such 90 day period and (c) closed above $60 per share on at least 45 trading days during such 60 trading day period, provided that the options will be forfeited to the extent that such date has not occurred within 7 years of the grant date.