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  4. [Form 4] FIRST SOLAR, INC. Insider Trading Activity

FIRST SOLAR, INC. reported $5.2B in revenue and $1.5B in net income for fiscal 2025. See the full FSLR financial statements: income statement, balance sheet, cash flow and ratios, each column linked to its SEC filing.

First Solar executive logs RSU vesting, share sales

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

FIRST SOLAR, INC. Chief Manufacturing Officer Kuntal Kumar Verma reported compensation-related stock activity tied to a prior equity grant. On March 13, 2026, 907 restricted stock units granted on March 15, 2022 vested and were converted into the same number of common shares at a stated price of $0.0000 per share.

To cover tax withholding from this vesting, 392 shares of common stock were sold at $200.80 per share on March 16, 2026 and 180 shares at $199.53 per share on March 17, 2026, in transactions described as effected under a previously adopted Rule 10b5-1 trading plan. Following these transactions, Verma directly held 9,436 shares of First Solar common stock.

Positive

  • None.

Negative

  • None.
Insider Verma Kuntal Kumar
Role Chief Manufacturing Officer
Sold 572 shs ($115K)
Approx. gross sale proceeds $115K
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Common Stock 180 $199.53 $36K
Sale Common Stock 392 $200.80 $79K
Exercise Restricted Stock Units 907 $0.00 $0.00
Exercise Common Stock 907 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 907 contracts for 907 underlying shares (Direct); Common Stock — 9,436 shares (Direct)
Footnotes (5)
  1. F1. Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 15, 2022.
  2. F2. Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
  3. F3. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 26, 2025.
  4. F4. 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.
  5. F5. The restricted stock units were granted on March 15, 2022 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 15, 2022 are scheduled to vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.

FAQ

What insider transactions did First Solar (FSLR) report for Kuntal Kumar Verma?
First Solar’s Chief Manufacturing Officer Kuntal Kumar Verma reported vesting of 907 restricted stock units into common shares, followed by sales of 392 and 180 shares to cover tax withholding obligations under a previously adopted Rule 10b5-1 trading plan.

How many First Solar (FSLR) shares did Kuntal Kumar Verma sell and at what prices?
Kuntal Kumar Verma reported selling 392 First Solar common shares at $200.80 and 180 shares at $199.53. These sales were linked to tax withholding obligations arising from restricted stock unit vesting and were executed under a pre-established Rule 10b5-1 trading plan.

What restricted stock units vested for First Solar (FSLR) executive Kuntal Kumar Verma?
907 restricted stock units granted to Kuntal Kumar Verma on March 15, 2022 vested, representing 20% of that award. Each unit converts into one share of First Solar common stock under the company’s 2020 Omnibus Incentive Compensation Plan, reflecting scheduled annual vesting for executive equity grants.

Were Kuntal Kumar Verma’s recent First Solar (FSLR) share sales pre-planned?
Yes. A filing footnote states the transactions were effected under a Rule 10b5-1 trading plan adopted on November 26, 2025. Such plans pre-schedule trades, indicating the timing of these tax-related sales was determined in advance rather than decided opportunistically.

How many First Solar (FSLR) shares does Kuntal Kumar Verma hold after these transactions?
After the vesting and related share sales, Kuntal Kumar Verma directly held 9,436 shares of First Solar common stock. This figure reflects his remaining position following conversion of restricted stock units and the sale of a portion of shares to satisfy tax withholding obligations.

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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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 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*
Verma Kuntal Kumar
(Last) (First) (Middle)
C/O FIRST SOLAR, INC.
4300 E CAMELBACK ROAD, SUITE 220
(Street)
PHOENIX AZ 85018
(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)
Chief Manufacturing Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
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
Common Stock 03/13/2026 M 907(1) A $0 10,008 D
Common Stock 03/16/2026 S 392(2) D $200.8 9,616 D
Common Stock 03/17/2026(3) S 180 D $199.53 9,436 D
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 (4) 03/13/2026 M 907 (5) (5) Common Stock 907 $0 907 D
Explanation of Responses:
1. Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 15, 2022.
2. Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
3. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 26, 2025.
4. 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.
5. The restricted stock units were granted on March 15, 2022 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 15, 2022 are scheduled to vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
/s/ Jason E. Dymbort, attorney-in-fact 03/17/2026
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR