FTC Solar, Inc. — Director's Dealing 2022

Aug 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FTC Solar, Inc. (FTCI)
CIK: 0001828161
Period of Report: 2022-08-17

Reporting Person: Morris Robert Phelps (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-17	Common Stock	A	10141	$4.55	Acquired	208921	Direct
2022-08-19	Common Stock	S	3540	$4.48	Disposed	205381	Direct

Footnotes

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.

F2: Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $4.45 to $4.52. 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. The shares were sold in order to satisfy tax obligations payable upon the settlement of the restricted stock units previously granted 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