FTC Solar director buys 101K shares at $2.69
Rhea-AI Filing Summary
FTC Solar, Inc. (FTCI) director Shaker Sadasivam reported an open-market purchase of 101,083 shares of common stock on August 28, 2026 at a weighted average price of $2.69 per share, with individual trade prices ranging from $2.46 to $2.90. Following this transaction, he directly holds 255,464 shares of FTC Solar common stock. He is also the manager of ChristSivam, LLC, which holds 301,720 shares reported as indirectly owned; he has sole voting and dispositive power over those shares but disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 101,083 shares
Net Buy
2 txns
Insider
SADASIVAM SHAKER
Role
Director
Bought
101,083 shs ($272K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 101,083 | $2.69 | $272K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 255,464 shares (Direct);
Common Stock — 301,720 shares (Indirect, By limited liability company)
Footnotes (2)
- F1. Represents a weighted average purchase price per share for these shares, which were purchased in multiple transactions at prices ranging from $2.460 to $2.900. The Reporting Person undertakes to provide to the Issuer, the staff of the Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F2. The Reporting Person is the Manager of ChristSivam, LLC and has sole voting and dispositive power with respect to the shares held by ChristSivam, LLC. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
Key Figures
Shares purchased: 101,083 shares of Common Stock
Weighted average purchase price: $2.69 per share
Direct holdings after transaction: 255,464 shares
+2 more
5 metrics
Shares purchased
101,083 shares of Common Stock
Open-market or private purchase on August 28, 2026
Weighted average purchase price
$2.69 per share
Multiple transactions with prices from $2.460 to $2.900
Direct holdings after transaction
255,464 shares
Common Stock directly owned by Shaker Sadasivam after the reported purchase
Indirect holdings through ChristSivam, LLC
301,720 shares
Common Stock held by ChristSivam, LLC, over which he has sole voting and dispositive power
Price range of individual trades
$2.460 to $2.900 per share
Range of prices for the multiple purchase transactions on August 28, 2026
Key Terms
weighted average purchase price, voting and dispositive power, disclaims beneficial ownership, pecuniary interest, +1 more
5 terms
weighted average purchase price financial
"Represents a weighted average purchase price per share for these shares"
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
voting and dispositive power financial
"has sole voting and dispositive power with respect to the shares"
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
indirect ownership financial
"total_shares_following_transaction":"301720.0000","direct_or_indirect":"I""
FAQ
What insider transaction did FTCI director Shaker Sadasivam report on this Form 4?
He reported purchasing 101,083 shares of FTC Solar common stock on August 28, 2026 in an open-market or private transaction, at a weighted average price of $2.69 per share, with individual trade prices between $2.46 and $2.90.
What is Shaker Sadasivam’s direct ownership in FTCI after this transaction?
After the reported purchase, Shaker Sadasivam directly owns 255,464 shares of FTC Solar, Inc. common stock. This figure represents his direct holdings only and does not include shares held indirectly through ChristSivam, LLC.
What indirect FTCI holdings are associated with Shaker Sadasivam?
A total of 301,720 shares of FTC Solar common stock are reported as indirectly owned through ChristSivam, LLC. He is the manager and has sole voting and dispositive power over these shares, but he disclaims beneficial ownership except for any pecuniary interest.
Does this Form 4 state that the FTCI trades were under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.