Statement of Changes in Beneficial Ownership (4)
October 01 2021 - 5:12PM
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
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Hunkler Sean |
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)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
PRESIDENT AND CEO |
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(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)
9/24/2021 |
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(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 | 9/24/2021 | | A | | 632250 | A(1) | $0.00 | 632250 | 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 |
| OPTIONS (Rights to Buy) | $8.14 | 9/24/2021 | | A | | 1053750 | | (2) | (2) | Common Stock | 1053750 | $0.00 | 1053750 | D | |
| OPTIONS (Rights to Buy) | $8.14 | 9/24/2021 | | A | | 1053750 | | (3) | (3) | Common Stock | 1053750 | $0.00 | 1053750 | D | |
| Explanation of Responses: |
| (1) | Reflects a grant of restricted stock units subject to a four year installment vesting schedule based on continued employment. |
| (2) | 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. |
| (3) | 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. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Hunkler Sean
C/O FTC SOLAR, INC.
9020 N CAPITAL OF TEXAS HWY, SUITE I-260
AUSTIN, TX 78759 | X |
| PRESIDENT AND CEO |
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Signatures
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| /s/ Jacob D. Wolf, as Attorney-in-Fact | | 10/1/2021 |
| **Signature of Reporting Person | Date |
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