Home > Insider Trading > Filing (0001209191-23-049132)

Filing Details

Accession Number:: 0001209191-23-049132
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-12 18:23:11
Reporting Period:: 2023-09-08

Accepted Time:: 2023-09-12 18:23:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1828161	Ftc Solar Inc.	FTCI	Semiconductors & Related Devices (3674)	814816270

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1855935	Patrick Cook	C/O Ftc Solar, Inc. 9020 N Capital Of Texas Hwy, Suite I-260 Austin TX 78759	Chief Commercial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-09-08	350,000	$0.48	794,116	No	4	M	Direct
Common Stock	Disposition	2023-09-08	100,000	$1.63	694,116	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Options (right to buy)	Disposition	2023-09-08	350,000	$0.00	350,000	$0.48

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
203,742		2029-07-25	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	94,295	Indirect	By Trust
Common Stock	94,295	Indirect	By Trust

Footnotes

The common stock reported on this line was issued as a result of the exercise of employee stock options.
Reflects a sale in order to satisfy certain tax obligations of the Reporting Person and to pay in part the option exercise price, in each case, that became due upon the exercise of employee stock options.
Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $1.60 to $1.69. 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.
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.
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.
The options were fully vested as of July 29, 2023.