0001209191-23-041659.txt : 20230706 0001209191-23-041659.hdr.sgml : 20230706 20230706182620 ACCESSION NUMBER: 0001209191-23-041659 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230703 FILED AS OF DATE: 20230706 DATE AS OF CHANGE: 20230706 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ARC Family Trust CENTRAL INDEX KEY: 0001857126 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40350 FILM NUMBER: 231074783 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 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 1 doc4.xml FORM 4 SUBMISSION X0407 4 2023-07-03 0 0001828161 FTC Solar, Inc. FTCI 0001857126 ARC Family Trust 20 MONTCHANIN ROAD, SUITE 100 GREENVILLE DE 19807 0 0 1 0 1 Common Stock 2023-07-03 4 S 0 30000 3.24 D 13723357 D Common Stock 2023-07-05 4 S 0 35000 3.14 D 13688357 D Common Stock 2023-07-05 4 J 0 312500 0.00 D 13375857 D Common Stock 2023-07-06 4 S 0 35000 3.00 D 13340857 D Reflects a sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2023. Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $3.17 to $3.295. 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 ARC Family Trust was established by Ahmad Chatila, a member of the Issuer's board of directors, for the benefit of certain members of his family. Shaker Sadasivam, a member of the Issuer's board of directors, is the trustee of the ARC Family Trust and has sole voting and dispositive power with respect to these securities. Mr. Sadasivam 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. Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $3.075 to $3.195. 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. Represents a transfer by the Reporting Person to the Issuer of securities for no consideration, which was undertaken to allow the Issuer to make equity compensation grants to key individuals pursuant to the Issuer's equity incentive plan without additional dilution. Represents a weighted average sales price per share for these shares, which were sold in multiple transactions at prices ranging from $2.94 to $3.045. 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. /s/ Jacob D. Wolf, as Attorney-in-Fact 2023-07-06