FSLR Form 4: Lisa A. Kro Receives 205 Director Equity Shares

Rhea-AI Filing Summary

Form 4 summary: Reporting person Lisa A. Kro, a director of First Solar, Inc. (FSLR), reported an acquisition on 09/30/2025 of 205 shares of First Solar common stock as part of the company’s quarterly equity compensation for non-associate directors. The report shows the shares were acquired at a price of $0 and that Ms. Kro’s total beneficial ownership following the transaction is 3,936 shares, held indirectly by trust. The filing was signed by an attorney-in-fact on 10/01/2025. The form indicates this is a single reporting person filing and identifies the reporting person’s relationship to the issuer as a director.

Positive

• Director equity grant disclosed, showing transparency in insider compensation
• Shares reported as acquired at $0 consistent with equity awards rather than market purchases
• Beneficial ownership updated (3,936 shares) and filing completed by authorized representative

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity grant increases indirect holdings modestly; no cash outlay reported.

The Form 4 documents a standard quarterly equity award to a non-associate director: 205 shares granted on 09/30/2025 at a reported price of $0, increasing indirect beneficial ownership to 3,936 shares. This is a non-derivative, non-cash compensation event recorded under the issuer’s director compensation program and does not reflect open-market trading. For investors, this is a routine governance/compensation disclosure rather than a material corporate development.

Corporate Governance Expert

TL;DR: Standard director equity compensation, reported correctly as indirect ownership by trust.

The filing identifies Lisa A. Kro as a director receiving the company’s quarterly equity compensation, with the acquisition recorded as indirect (by trust). The explanation explicitly ties the grant to director compensation. The disclosure appears consistent with Section 16 reporting obligations for non-associate directors and provides transparency on beneficial ownership changes. No governance concerns are raised by the information presented.

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).

1. Name and Address of Reporting Person^*

KRO LISA A

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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
Common Stock	09/30/2025		A		205(1)	A	$0	3,936	I	By Trust

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

Explanation of Responses:

1. The shares granted represent the quarterly equity compensation paid to the Issuer's non-associate directors.

	/s/ Jason E. Dymbort, attorney-in-fact	10/01/2025
	** 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.
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.

FAQ

What did Lisa A. Kro report on the Form 4 for FSLR?

She reported acquiring 205 shares of First Solar common stock on 09/30/2025 as director quarterly equity compensation.

How many First Solar shares does Lisa A. Kro beneficially own after the transaction?

3,936 shares are reported as beneficially owned following the reported transaction, held indirectly by trust.

Was the Form 4 transaction for FSLR a market purchase or an equity award?

The filing states the shares represent quarterly equity compensation for non-associate directors, indicating an award rather than an open-market purchase.

What was the reported price for the shares acquired by Lisa A. Kro on 09/30/2025?

The price is reported as $0, consistent with shares issued as compensation.

Who signed the Form 4 filing for Lisa A. Kro and when?

The filing was signed by Jason E. Dymbort, attorney-in-fact, on 10/01/2025.