First Solar insider plans $288k stock sale in new Form 144 filing

Rhea-AI Filing Summary

The Form 144 filing indicates that an insider of First Solar (FSLR)—identified as Patrick Buehler—plans to sell 1,600 common shares through Fidelity Brokerage on July 3, 2025. At the most recent market price used in the filing, the aggregate value of the proposed sale is $288,000. The shares stem from restricted-stock units that vested on February 29, 2024 as part of compensation. The filing also discloses a prior sale of 1,868 shares on June 3, 2025 that generated $278,481.44. With roughly 107.2 million shares outstanding, the proposed sale represents less than 0.002% of total shares, suggesting limited dilution or ownership impact. Nevertheless, Form 144 notices can serve as an early indicator of insider sentiment; repeated sales in a short time frame may be interpreted by some investors as mildly bearish, even though the dollar amounts are modest relative to First Solar’s market capitalization.

Positive

• None.

Negative

• Repeat insider selling within a one-month window could be interpreted as a modestly negative signal about management’s short-term confidence.

Insights

Equity Analyst

TL;DR: Small insider sale (1,600 shares) is immaterial to float but may hint at neutral-to-slightly bearish insider sentiment.

The proposed $288k transaction equals ~0.002% of FSLR’s outstanding shares and is therefore non-dilutive. The shares were acquired via RSU vesting, a routine compensation event, and the seller already disposed of 1,868 shares last month. While repeat selling can raise eyebrows, the size and context (tax/ liquidity) point to negligible fundamental impact. I classify the disclosure as not impactful to valuation or near-term forecasts.

Corporate Governance Specialist

TL;DR: Routine RSU liquidation; governance risk minimal, but watch pattern of insider disposals.

Insiders frequently sell shares to cover taxes or diversify. No 10b5-1 plan date is disclosed, so discretionary timing cannot be ruled out. Nonetheless, volume is de minimis and does not trigger heightened governance concern. If similar trades continue without offsetting purchases, perception risk could rise, yet current filing is non-material.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1600	288000.00	107244479	07/03/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/29/2024	Restricted Stock Vesting	Issuer			1600	02/29/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Patrick Buehler 350 West Washington Street Suite 600 Tempe AZ 85288	Common	06/03/2025	1868	278481.44

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many First Solar (FSLR) shares are being sold under this Form 144?

1,600 common shares are slated for sale.

What is the dollar value of the proposed insider sale?

The aggregate market value reported is $288,000.

When will the shares be sold?

The approximate sale date listed is July 3, 2025.

What percentage of First Solar’s total outstanding shares does the sale represent?

Roughly 0.002% of the company’s 107.2 million shares outstanding.

Were there any recent insider sales disclosed?

Yes. The same insider sold 1,868 shares on June 3, 2025 for $278,481.44.