Statement of Changes in Beneficial Ownership (4)
January 13 2022 - 4:30PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Cherukupalli Nagendra |
2. Issuer Name and Ticker or Trading Symbol
FTC Solar, Inc.
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FTCI
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CHIEF TECHNOLOGY OFFICER |
(Last)
(First)
(Middle)
C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/11/2022 |
(Street)
AUSTIN, TX 78759
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 1/11/2022 | | S | | 74127 | D(1) | $6.56 (2) | 1680321 | D | |
Common Stock | 1/12/2022 | | M | | 83370 | A(3) | $0.069 | 1763691 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Options (right to buy) | $0.069 | 1/12/2022 | | M | | | 83370 | (4) | 2/13/2028 | Common Stock | 83370 | $0.00 | 0 | D | |
Explanation of Responses: |
(1) | Reflects a sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. |
(2) | Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $6.46 to $6.72. 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. |
(3) | Reflects shares issued as a result of the exercise of employuee stock options by the Reporting Person. |
(4) | The options were fully vested as of January 1, 2022. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Cherukupalli Nagendra C/O FTC SOLAR, INC. 9020 N CAPITAL OF TEXAS HWY, SUITE I-260 AUSTIN, TX 78759 |
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| CHIEF TECHNOLOGY OFFICER |
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Signatures
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/s/ Jacob D. Wolf, as Attorney-in-Fact | | 1/13/2022 |
**Signature of Reporting Person | Date |
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