Ftc Solar, Inc. SEC Filings

FTC Solar, Inc. reported an insider ownership position related to service as a director. The filing shows a stock option giving the director the right to buy 45,000 shares of FTC Solar common stock at an exercise price of $6.70 per share. These options are stated to be fully vested and exercisable, with an expiration date of 12/05/2033. The reporting date for this beneficial ownership disclosure is 12/15/2025, and the securities are held directly.

FTC Solar, Inc. appointed Anthony Carroll as an independent Class II director, effective December 15, 2025. His term will run until the company’s 2026 annual stockholder meeting.

Carroll will receive standard compensation for a non-employee director, including an annual cash retainer of $50,000, prorated for 2025, and a grant of 13,567 restricted stock units (RSUs). The RSUs will vest in three equal installments on each of the first three anniversaries of the grant date, as long as he remains on the board.

He will enter into an indemnification agreement in the same form used for other directors and may participate in future RSU grants and other director compensation approved by the board and its compensation committee. The company states there are no arrangements behind his election and no related-party transactions requiring disclosure.

FTC Solar, Inc. (FTCI) director reported an open-market sale of 100,000 shares of common stock on 11/18/2025 under a pre-arranged Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $8.98 per share, with individual trade prices ranging from $8.80 to $9.50.

After the sale, the reporting person beneficially owns 689,222 shares directly. Additional indirect holdings are reported through several trusts, including 33,616 shares in each of three 2021 trusts, 49,136 shares in a 2022 GRAT, and 32,987 shares in a 2021 trust for a fiancée, with beneficial ownership in these trusts disclaimed except for any pecuniary interest.

FTC Solar (FTCI) filed its Q3 2025 10‑Q, showing higher revenue but continued losses and new financing obligations. Revenue for the quarter was $26.0 million (up from $10.1 million a year ago), producing gross profit of $1.6 million after prior-year gross loss. The quarter’s net loss was $23.9 million, driven in part by a $16.1 million loss from revaluing warrant liabilities and higher interest expense.

Cash and cash equivalents were $24.4 million and total assets $111.5 million. Stockholders’ equity turned to a deficit of $13.7 million from positive $19.0 million at year‑end 2024, reflecting cumulative losses and warrant liability increases, which rose to $48.1 million from $9.5 million. The company drew on a new senior secured term loan facility (up to $75 million), with $14.3 million funded on July 2 and $23.2 million on September 19, bearing 12% interest (7% paid-in-kind) and an estimated ~29% effective rate, plus potential exit fees.

Management states there is substantial doubt about the company’s ability to continue as a going concern, citing recurring losses, covenant requirements (including a $20.0 million minimum cash starting Q4 2025), and reliance on lender discretion for additional draws, with about $13.75 million remaining capacity under its ATM program.

FTC Solar (FTCI) furnished an 8-K announcing it issued a press release covering financial results for the third quarter ended September 30, 2025. The press release is included as Exhibit 99.1. The information provided under Item 2.02 is furnished, not filed, under the Exchange Act and is not incorporated by reference except by specific reference.

FTC Solar (FTCI) reported an insider equity grant on Form 4. The company’s Chief Operating Officer received 125,000 Performance Stock Units (PSUs) on 10/20/2025 under the 2021 Stock Incentive Plan. Each PSU represents the right to receive one share of common stock at settlement.

The PSUs vest in three annual tranches, with each tranche subject to a specified per‑share price threshold and a service condition. The award carries an expiration date of 10/20/2028 and was reported as direct ownership at a price of $0 per unit.

FTC Solar (FTCI) reported an insider equity grant. The company’s Chief Financial Officer received 150,000 Performance Stock Units on 10/20/2025 under the 2021 Stock Incentive Plan. The PSUs convert into an equal number of common shares and vest in three annual tranches, with each tranche contingent on the company’s stock achieving a specified per‑share price threshold and the executive meeting a service condition. The award is shown at a $0 derivative price, is held directly, and carries an expiration date of 10/20/2028.

FTC Solar (FTCI) reported a Form 4 showing its Chief Executive Officer, who also serves as a director, received 400,000 Performance Stock Units (PSUs) on 10/20/2025 under the 2021 Stock Incentive Plan. The PSUs convert into an equal number of common shares and were recorded at a $0 derivative price. They vest in 3 annual tranches, each conditioned on meeting specified share price thresholds and continued service, and carry an expiration date of 10/20/2028. Following the grant, 400,000 derivative securities were beneficially owned, held directly.

FTC Solar, Inc. filed a Form S-8 to register securities to be issued under its employee benefit plans. The filing incorporates prior SEC reports by reference, lists corporate charter and bylaw exhibits, plan documents (2021 Stock Incentive Plan and Amendment No.1), transaction exhibits (promissory note and warrants dated July 2, 2025), consents, and a filing fee table. Signatures from officers and directors are included.