[Form 4] First Solar, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider award disclosure: Samantha L. Sloan, EVP, Corporate Affairs of First Solar, Inc. (FSLR), was granted 1,751 restricted stock units (RSUs) on 08/15/2025. Each RSU represents the right to one share of common stock upon vesting. The RSUs vest in four equal annual installments of 25% beginning on the first anniversary of the grant date, and the award is reported as direct beneficial ownership of 1,751 shares following the grant. The Form 4 was signed by an attorney-in-fact on 08/19/2025. No exercise price applies to the RSUs.

Insights

Financial Analyst

TL;DR: A routine equity grant to a senior officer: modest in size and structured with standard annual vesting.

The grant of 1,751 RSUs to the EVP of Corporate Affairs on 08/15/2025 increases direct beneficial ownership by 1,751 shares and vests 25% annually over four years. This is a compensation-related transaction, not a cash transaction or sale, and contains no price or exercise component. The disclosure is standard for Section 16 reporting and does not by itself indicate a change in company outlook or material insider trading activity.

Corporate Governance Expert

TL;DR: Compensation grant follows common practice: time-based RSUs with multi-year vesting to align executive incentives.

The RSU award aligns with typical retention and incentive practices, vesting 25% annually starting one year after grant. The Form 4 properly reports direct beneficial ownership and includes the required explanatory note that each RSU converts to one share upon vesting. The filing is timely and includes signature by an attorney-in-fact, meeting procedural requirements. No governance red flags are evident from the disclosed information alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sloan Samantha L.

(Last) (First) (Middle)

C/O FIRST SOLAR, INC.

350 WEST WASHINGTON STREET, SUITE 600

(Street)

TEMPE AZ 85288

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST SOLAR, INC. [ FSLR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Corporate Affairs

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Restricted Stock Units	(1)	08/15/2025		A		1,751		(2)	(2)	Common Stock	1,751	$0	1,751	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2020 Omnibus Incentive Compensation Plan.

2. The restricted stock units were granted by the Issuer to the Reporting Person on August 15, 2025. The restricted stock units granted on August 15, 2025, vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.

	/s/ Jason E. Dymbort, attorney-in-fact	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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