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

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

Rhea-AI Filing Summary

FIRST SOLAR, INC. Chief Manufacturing Officer Kuntal Kumar Verma reported routine equity compensation activity and related tax-share sales. On March 6, 2026, restricted stock units granted in prior years vested, converting into 3,289 shares of common stock, and he received a new award of 3,594 restricted stock units under the company’s 2020 Omnibus Incentive Compensation Plan.

Footnotes state that on March 9, 2026 the company sold 1,386 shares of common stock at $190.36 per share to satisfy tax withholding obligations from the vesting, rather than as a discretionary market sale. After these transactions, Verma holds 9,509 common shares directly and 3,594 restricted stock units that can settle into additional shares as they vest over time.

Positive

  • None.

Negative

  • None.
Insider Verma Kuntal Kumar
Role Chief Manufacturing Officer
Sold 1,386 shs ($264K)
Type Security Shares Price Value
Sale Common Stock 274 $190.36 $52K
Sale Common Stock 199 $190.36 $38K
Sale Common Stock 399 $190.36 $76K
Sale Common Stock 514 $190.36 $98K
Exercise Restricted Stock Units 651 $0.00 --
Exercise Restricted Stock Units 471 $0.00 --
Exercise Restricted Stock Units 947 $0.00 --
Exercise Restricted Stock Units 1,220 $0.00 --
Grant/Award Restricted Stock Units 3,594 $0.00 --
Exercise Common Stock 651 $0.00 --
Exercise Common Stock 471 $0.00 --
Exercise Common Stock 947 $0.00 --
Exercise Common Stock 1,220 $0.00 --
Holdings After Transaction: Common Stock — 10,621 shares (Direct); Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
  1. Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2021. Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2023. Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2024. Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2025. Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units. 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. The restricted stock units were granted on March 6, 2021 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2021 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date. The restricted stock units were granted on March 6, 2023 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2023 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date. The restricted stock units were granted on March 6, 2024 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2024 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date. The restricted stock units were granted on March 6, 2025 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2025 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date. The restricted stock units were granted on March 6, 2026 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2026 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
Form 4 Insider Transactions: What Each Field Means →
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).
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)
03/06/2026
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 03/06/2026 M 651(1) A $0 8,257 D
Common Stock 03/06/2026 M 471(2) A $0 8,728 D
Common Stock 03/06/2026 M 947(3) A $0 9,675 D
Common Stock 03/06/2026 M 1,220(4) A $0 10,895 D
Common Stock 03/09/2026 S 274(5) D $190.36 10,621 D
Common Stock 03/09/2026 S 199(5) D $190.36 10,422 D
Common Stock 03/09/2026 S 399(5) D $190.36 10,023 D
Common Stock 03/09/2026 S 514(5) D $190.36 9,509 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 (6) 03/06/2026 M 651 (7) (7) Common Stock 651 $0 0 D
Restricted Stock Units (6) 03/06/2026 M 471 (8) (8) Common Stock 471 $0 942 D
Restricted Stock Units (6) 03/06/2026 M 947 (9) (9) Common Stock 947 $0 1,894 D
Restricted Stock Units (6) 03/06/2026 M 1,220 (10) (10) Common Stock 1,220 $0 3,661 D
Restricted Stock Units (6) 03/06/2026 A 3,594 (11) (11) Common Stock 3,594 $0 3,594 D
Explanation of Responses:
1. Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2021.
2. Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2023.
3. Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2024.
4. Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2025.
5. Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
6. 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.
7. The restricted stock units were granted on March 6, 2021 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2021 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
8. The restricted stock units were granted on March 6, 2023 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2023 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
9. The restricted stock units were granted on March 6, 2024 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2024 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
10. The restricted stock units were granted on March 6, 2025 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2025 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
11. The restricted stock units were granted on March 6, 2026 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2026 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 03/10/2026
** Signature of Reporting Person Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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Source: View Original Filing on SEC EDGAR