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First Solar (FSLR) counsel reports PSU vesting and tax-related share sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

First Solar, Inc. General Counsel and Secretary Jason E. Dymbort reported both an equity award vesting and a related share sale. On February 27, 2026, he acquired 7,065 shares of common stock at $0.00 per share from the vesting of performance share units granted on March 6, 2023, after a roughly three-year performance period tied to specific performance objectives. On March 3, 2026, 3,273 shares of common stock were sold at an average price of $195.93 per share to satisfy tax withholding obligations arising from that vesting. A footnote also notes that his reported beneficial ownership was reduced by 7,616 shares previously transferred under a domestic relations order, which he no longer reports as beneficially owned.

Positive

  • None.

Negative

  • None.
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*
Dymbort Jason E.

(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)
General Counsel and Secretary
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
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 02/27/2026 A 7,065(1) A $0 19,898(2) D
Common Stock 03/03/2026 S 3,273(3) D $195.93 16,625 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
Explanation of Responses:
1. Represents the acquisition of shares of common stock issued upon the vesting of the performance share units granted on March 6, 2023, which performance share unit awards vested over an approximately three-year performance period contingent upon the achievement of certain performance objectives.
2. Amount of Securities Beneficially Owned has been reduced by 7,616 shares which were transferred pursuant to a domestic relations order in connection with the reporting person's divorce. The reporting person no longer reports beneficial ownership of the transferred securities.
3. Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the performance share units.
/s/ Jason E. Dymbort 03/03/2026
** 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.

FAQ

What insider transactions did Jason E. Dymbort report for FIRST SOLAR (FSLR)?

Jason E. Dymbort reported an equity award vesting and a related tax sale. He acquired 7,065 First Solar common shares from performance share units, then 3,273 shares were sold to satisfy tax withholding obligations linked to that vesting, according to the Form 4 details and footnotes.

How many FIRST SOLAR (FSLR) shares did Jason E. Dymbort acquire in this Form 4?

He acquired 7,065 First Solar common shares at $0.00 per share. The acquisition reflects common stock issued upon vesting of performance share units granted on March 6, 2023, following an approximately three-year performance period tied to specific performance objectives, as described in the footnotes.

Why were 3,273 FIRST SOLAR (FSLR) shares sold in this Form 4 filing?

The 3,273 First Solar shares were sold to cover tax withholding obligations. The shares were sold by the issuer in connection with the vesting of performance share units, at an average price of $195.93 per share, specifically to satisfy certain withholding taxes on the equity award.

What price was received for the sold FIRST SOLAR (FSLR) shares in the Form 4?

The 3,273 First Solar common shares were sold at an average price of $195.93 per share. The filing explains this sale was made by the issuer to satisfy tax withholding obligations triggered by the vesting of performance share units rather than a discretionary open-market sale.

Did Jason E. Dymbort’s reported beneficial ownership in FIRST SOLAR (FSLR) change for reasons other than these trades?

Yes. His reported beneficial ownership was reduced by 7,616 shares transferred under a domestic relations order. The footnote states these shares were transferred in connection with his divorce, and he no longer reports beneficial ownership of those securities after the transfer.

What role does Jason E. Dymbort hold at FIRST SOLAR (FSLR) in this Form 4?

Jason E. Dymbort is identified as an officer of First Solar, serving as General Counsel and Secretary. The Form 4 ties the reported transactions and beneficial ownership changes to him in that capacity, including the vesting of performance share units and related tax withholding sale.
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