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First Solar (FSLR) manufacturing chief gains shares through RSU vesting

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. On May 4, 2026, 1,106 shares of common stock were issued upon vesting of restricted stock units granted on May 1, 2025. In connection with this vesting, 479 shares were sold by First Solar to cover tax withholding obligations, a non-discretionary transaction. After these transactions, Verma directly held 9,490 shares of common stock.

Positive

  • None.

Negative

  • None.
Insider Verma Kuntal Kumar
Role Chief Manufacturing Officer
Sold 479 shs ($103K)
Type Security Shares Price Value
Sale Common Stock 479 $215.63 $103K
Exercise Restricted Stock Units 1,106 $0.00 --
Exercise Common Stock 1,106 $0.00 --
Holdings After Transaction: Common Stock — 9,490 shares (Direct, null); Restricted Stock Units — 3,319 shares (Direct, null)
Footnotes (1)
  1. Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on May 1, 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 May 1, 2025 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on May 1, 2025 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
Shares acquired via RSU vesting 1,106 shares Common stock issued on May 4, 2026 from RSU vesting
Shares sold for tax withholding 479 shares Shares sold by issuer to satisfy tax obligations
Sale price per share $215.63 per share Price for 479-share tax-withholding sale
Shares held after transactions 9,490 shares Direct common stock ownership after May 2026 transactions
RSUs remaining 3,319 RSUs Restricted stock units outstanding after conversion of 1,106 units
restricted stock units financial
"Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on May 1, 2025."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units."
2020 Omnibus Incentive Compensation Plan financial
"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."
annual equity grant financial
"The restricted stock units were granted on May 1, 2025 as part of the Issuer's annual equity grant to executive officers."
vesting financial
"The restricted stock units granted on May 1, 2025 vest annually at a rate of 25% on each anniversary of the grant date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 ARIZONA 85018
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FIRST SOLAR, INC. [ FSLR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Manufacturing Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/04/2026M1,106(1)A$09,969D
Common Stock05/05/2026S479(2)D$215.639,490D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(3)05/04/2026M1,106 (4) (4)Common Stock1,106$03,319D
Explanation of Responses:
1. Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on May 1, 2025.
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. 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.
4. The restricted stock units were granted on May 1, 2025 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on May 1, 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-fact05/05/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did First Solar (FSLR) report for Kuntal Kumar Verma?

First Solar reported that Chief Manufacturing Officer Kuntal Kumar Verma had 1,106 restricted stock units vest into common shares, and 479 shares were sold by the company to satisfy tax withholding obligations, leaving him with 9,490 directly held shares of common stock.

Was the First Solar (FSLR) insider sale by Kuntal Kumar Verma an open-market sale?

The filing describes 479 shares as sold, but a footnote explains these shares were sold by First Solar to satisfy tax withholding obligations tied to RSU vesting, rather than a discretionary open-market sale by Kuntal Kumar Verma.

How many First Solar (FSLR) shares did Kuntal Kumar Verma acquire through RSU vesting?

Kuntal Kumar Verma received 1,106 shares of First Solar common stock upon vesting of 25% of restricted stock units granted on May 1, 2025, under the company’s 2020 Omnibus Incentive Compensation Plan for executive officers.

How many First Solar (FSLR) shares does Kuntal Kumar Verma hold after these transactions?

Following the RSU vesting and related tax-withholding share sale, Kuntal Kumar Verma directly holds 9,490 shares of First Solar common stock, as reported in the Form 4 insider filing for these transactions.

What are the terms of the May 1, 2025 restricted stock units at First Solar (FSLR)?

The restricted stock units granted on May 1, 2025 vest annually at a rate of 25% on each anniversary of the grant date. Each RSU converts into one share of First Solar common stock under the 2020 Omnibus Incentive Compensation Plan.