Ftc Solar, Inc. SEC Filings

FTC Solar reported proposed sales via a Form 144. The notice lists restricted stock awards dated 08/19/2024 for 166,673 shares and 05/01/2025 for 125,000 shares. The filing date shown is 06/24/2026 and the listing venue is NASDAQ. The entries identify these as equity award restricted stock.

FTC Solar, Inc. filed a second amendment to its annual report for the year ended December 31, 2025. The amendment is narrowly focused on revising the beneficial ownership table in Item 12 to delete AV Securities, Inc. based on its certification that it does not beneficially own the company’s securities.

The amendment also restates equity compensation plan data, showing 3,925,871 shares subject to options and restricted stock units and 660,993 shares remaining available for future issuance as of December 31, 2025. It adds updated principal executive and financial officer certifications under Section 302 of the Sarbanes-Oxley Act, while leaving all other disclosures from the original and prior amended reports unchanged.

FTC Solar, Inc. director Antonio R. Alvarez reported an open-market purchase of 2,500 shares of Common Stock on May 7, 2026 at a weighted average price of $4.23 per share. Following this trade, he directly holds 51,283 FTC Solar shares. The purchase was executed in multiple transactions at prices ranging from $4.200 to $4.249 per share.

FTC Solar director Antonio R. Alvarez bought additional company stock on the open market. He purchased 2,500 shares of FTC Solar, Inc. common stock in an open-market transaction at a weighted average price of $3.98 per share, with individual trade prices ranging from $3.980 to $3.990.

Following this purchase, he directly owns 48,783 shares of FTC Solar common stock. The filing notes that detailed per-trade pricing within this range is available upon request from the company, regulators, or any security holder.

FTC Solar, Inc. Chief Executive Officer Anthony Carroll made an open-market purchase of 7,250 shares of the company’s Common Stock. The shares were bought at a weighted average price of $3.43 per share, in multiple transactions within a range of $3.430 to $3.460. Following this purchase, Carroll directly owns 641,455 FTC Solar shares.

FTC Solar, Inc. director Shaker Sadasivam bought 27,025 shares of common stock in an open-market purchase at a weighted average price of $3.70 per share. The shares were acquired in multiple trades between $3.680 and $3.700. Following the purchase, he directly owns 81,508 shares and has indirect ownership of 301,710 shares held by ChristSivam, LLC, an entity he manages with sole voting and dispositive power, subject to his stated beneficial ownership disclaimer.

Carroll Anthony reported acquisition or exercise transactions in this Form 4 filing.

FTC Solar, Inc. reported that Chief Executive Officer Anthony Carroll received equity awards totaling 600,000 shares of common stock in the form of restricted stock units (RSUs). These awards were granted under an employment agreement and the company’s 2021 Stock Incentive Plan.

Of the grant, 400,000 RSUs are time-based, with 200,000 vesting over three years and 200,000 vesting over four years, starting on the one-year anniversary of the grant date and then monthly thereafter. The remaining 200,000 RSUs are performance-based and may vest if FTC Solar’s publicly traded common stock reaches $10 and/or $20 during the three-year period from the grant date, subject to Carroll’s continued employment on any achievement date. Following these grants, Carroll directly holds 634,205 shares of common stock.

FTC Solar, Inc. reported Q1 2026 revenue of $17.3M, down from $20.8M a year earlier, and a gross loss of $1.2M. The company generated net income of $32.6M, driven almost entirely by a non‑cash $48.7M gain from the change in fair value of its warrant liability, while loss from operations was $12.1M.

Cash used in operations was $12.8M, leaving cash and equivalents at $5.6M and a stockholders’ deficit of $6.1M as of March 31, 2026. Total debt, net of discounts, was $22.6M, and the warrant liability was $25.8M. Management discloses that recurring losses, significant required 2026 principal repayments under its Credit Agreement, minimum unrestricted cash covenants, and acquisition‑related notes create substantial doubt about the company’s ability to continue as a going concern.

The company has an at‑the‑market equity program with about $8.2M of remaining capacity and amended its Credit Agreement in March 2026 to obtain covenant relief in exchange for additional scheduled principal repayments. FTC Solar continues to focus on cost reductions, expanded non‑China supply chains, and leveraging its Alpha Steel subsidiary and software offerings to support utility‑scale solar tracker projects.

FTC Solar reported first-quarter 2026 results and a CEO transition. Revenue was $17.3 million, down 47.5% from the prior quarter and 17.0% from a year ago. GAAP gross loss was $1.2 million, while Non-GAAP gross loss was $0.4 million, or a margin of (2.2)%.

GAAP net income reached $32.6 million, driven mainly by a $48.7 million non-cash gain from the change in fair value of warrant liability; Adjusted EBITDA was a loss of $8.2 million. Cash and cash equivalents were $5.6 million as of March 31, 2026. The contracted portion of backlog was about $543 million.

The Board appointed Anthony Carroll as President and CEO effective April 29, 2026, with Yann Brandt departing as CEO and director. Carroll’s package includes $700,000 base salary, a target bonus equal to 100% of salary, a $900,000 sign-on bonus in three installments, and 600,000 RSUs split between time-based and share-price performance vesting. The company expects Q1 to be the revenue low point and projects full-year 2026 revenue growth of about 40% versus 2025.