FTC Solar, Inc. — Director's Dealing 2021

Apr 28, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FTC Solar, Inc. (FTCI)
CIK: 0001828161
Period of Report: 2021-04-27

Reporting Person: Cook Patrick (CFO and Treasurer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25000	Indirect
Common Stock	25000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$3.92	2029-07-25	Common Stock (150000)		Direct

Footnotes

F1: None of the amounts of securities in this Form 3 reflect a 8.25-for-1 stock split of the Issuer's capital stock expected to be effected on April 28, 2021.

F2: These shares are owned directly by the Patrick Cook 2021 Trust for the benefit of the Reporting Person. The Reporting Person (a) is the sole trustee of the trust and (b) has sole voting and dispositive power with respect to the shares held by the trust. The Reporting Person's spouse has sole power to acquire for herself any assets held in the trust, including the shares, by substituting other property of equivalent value. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.

F3: These shares are owned directly by the Cook 2021 Family Trust for the benefit of the Reporting Person's children. The Reporting Person (a) is the sole investment adviser of the trust, (b) has sole power to direct the trustee as to the voting and disposition of the shares held by the trust, and (c) has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.

F4: 62,500 of the options are fully vested and exercisable as of April 27, 2021, and the remaining 87,500 of the options will vest in monthly installments until July 29, 2023.