0001209191-22-062340.txt : 20221221
0001209191-22-062340.hdr.sgml : 20221221
20221221163017
ACCESSION NUMBER: 0001209191-22-062340
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220823
FILED AS OF DATE: 20221221
DATE AS OF CHANGE: 20221221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cook Patrick
CENTRAL INDEX KEY: 0001855935
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40350
FILM NUMBER: 221478769
MAIL ADDRESS:
STREET 1: 9020 N CAPITAL OF TEXAS HWY, SUITE I-260
CITY: AUSTIN
STATE: TX
ZIP: 78759
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FTC Solar, Inc.
CENTRAL INDEX KEY: 0001828161
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 814816270
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 9020 N CAPITAL OF TEXAS HWY, SUITE I-260
CITY: AUSTIN
STATE: TX
ZIP: 78759
BUSINESS PHONE: (907) 312-0717
MAIL ADDRESS:
STREET 1: 9020 N CAPITAL OF TEXAS HWY, SUITE I-260
CITY: AUSTIN
STATE: TX
ZIP: 78759
4/A
1
doc4a.xml
FORM 4/A SUBMISSION
X0306
4/A
2022-08-23
2022-08-24
0
0001828161
FTC Solar, Inc.
FTCI
0001855935
Cook Patrick
C/O FTC SOLAR, INC.
9020 N CAPITAL OF TEXAS HWY, SUITE I-260
AUSTIN
TX
78759
0
1
0
0
Chief Commercial Officer
Common Stock
2022-08-23
4
M
0
37832
0.475
A
296230
D
Common Stock
2022-08-23
4
S
0
37832
4.31
D
258398
D
Common Stock
94295
I
By Trust
Common Stock
94295
I
By Trust
Employee Stock Options (right to buy)
0.475
2022-08-23
4
M
0
37832
0.00
D
2029-07-25
Common Stock
37832
737000
D
The common stock reported on this line of this Form 4 was issued as a result of 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 $4.25 to $4.35. 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.
927,750 of the options are fully vested and exercisable as of August 23, 2022, and the remaining 309,250 options will vest in monthly installments until July 29, 2023.
This Form 4/A amends and restates the original Form 4 filed by the Reporting Person on August 24, 2022 (the "Original Form 4"), which inadvertently excluded the exercise of a stock option on August 23, 2022. This amendment reports such exercise and corrects the number of shares beneficially owned after the sale of shares reported in the Original Form 4. This Form 4/A is also deemed to update the amount of common stock reported as beneficially owned by the Reporting Person in subsequently filed Forms 4 after the date of the Original Form 4 filing.
/s/ Jacob D. Wolf, as Attorney-in-Fact
2022-12-21