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FTC Solar (NASDAQ: FTCI) awards CEO 600,000 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.
Insider Carroll Anthony
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Common Stock 400,000 $0.00 --
Grant/Award Common Stock 200,000 $0.00 --
Holdings After Transaction: Common Stock — 434,205 shares (Direct, null)
Footnotes (1)
  1. Reflects a grant of restricted stock units (RSUs) pursuant to an employment agreement and the Issuer's 2021 Stock Incentive Plan, and is subject to vesting as follows: (a) 200,000 of the RSUs (the "Three-Year Time-Based RSUs") vest over a three-year period, with 33.33% of the Three-Year Time-Based RSUs vesting on the one-year anniversary of the grant date, and 1/36 of such Three-Year Time-Based RSUs vesting at the end of each month for the next 24 months following the grant date; and (b) 200,000 of the RSUs (the "Four-Year Time-Based RSUs") vest over a four-year period, with 25% of such Four-Year Time-Based RSUs vesting on the one-year anniversary of the grant date, and 1/48 of such Four-Year Time-Based RSUs vesting at the end of each month for the next thirty-six months following the grant date. Reflects a grant of performance based RSUs pursuant to an employment agreement and the Issuer's 2021 Stock Incentive Plan, and is subject to vesting, in whole or in part as further described in the employment agreement, upon (i) the Issuer's publicly traded common stock achieving a $10 and/or $20 price during the three year period from the grant date and (ii) the recipient's continued employment with the Issuer on any such date of achievement.
Time-based RSUs granted 400,000 shares Granted under 2021 Stock Incentive Plan, vesting over three and four years
Performance-based RSUs granted 200,000 shares Vest based on $10 and/or $20 share price within three years
Shares held after grants 634,205 shares CEO Anthony Carroll’s direct common stock holdings following the transactions
restricted stock units (RSUs) financial
"Reflects a grant of restricted stock units (RSUs) pursuant to an employment agreement"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
performance based RSUs financial
"Reflects a grant of performance based RSUs pursuant to an employment agreement"
2021 Stock Incentive Plan financial
"pursuant to an employment agreement and the Issuer's 2021 Stock Incentive Plan"
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*
Carroll Anthony
(Last)(First)(Middle)
10900 STONELAKE BLVD.
SUITE 100 QUARRY OAKS II BUILDING
(Street)
AUSTIN TEXAS 78759
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FTC Solar, Inc. [ FTCI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive 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 Stock05/04/2026A400,000(1)A$0.00434,205D
Common Stock05/04/2026A200,000(2)A$0.00634,205D
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
Explanation of Responses:
1. Reflects a grant of restricted stock units (RSUs) pursuant to an employment agreement and the Issuer's 2021 Stock Incentive Plan, and is subject to vesting as follows: (a) 200,000 of the RSUs (the "Three-Year Time-Based RSUs") vest over a three-year period, with 33.33% of the Three-Year Time-Based RSUs vesting on the one-year anniversary of the grant date, and 1/36 of such Three-Year Time-Based RSUs vesting at the end of each month for the next 24 months following the grant date; and (b) 200,000 of the RSUs (the "Four-Year Time-Based RSUs") vest over a four-year period, with 25% of such Four-Year Time-Based RSUs vesting on the one-year anniversary of the grant date, and 1/48 of such Four-Year Time-Based RSUs vesting at the end of each month for the next thirty-six months following the grant date.
2. Reflects a grant of performance based RSUs pursuant to an employment agreement and the Issuer's 2021 Stock Incentive Plan, and is subject to vesting, in whole or in part as further described in the employment agreement, upon (i) the Issuer's publicly traded common stock achieving a $10 and/or $20 price during the three year period from the grant date and (ii) the recipient's continued employment with the Issuer on any such date of achievement.
/s/ Cathy Behnen, as Attorney-in-Fact05/06/2026
** 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 equity awards did FTCI CEO Anthony Carroll receive in this Form 4?

FTC Solar CEO Anthony Carroll received 600,000 restricted stock units (RSUs) tied to common stock. The grant includes 400,000 time-based RSUs and 200,000 performance-based RSUs under his employment agreement and the company’s 2021 Stock Incentive Plan.

How do Anthony Carroll’s time-based RSUs at FTC Solar (FTCI) vest?

Carroll’s time-based RSUs vest in two tranches totaling 400,000 units. One 200,000-unit tranche vests over three years, and another 200,000-unit tranche vests over four years, starting with a one-year cliff and then monthly vesting thereafter.

What performance conditions apply to FTCI CEO Anthony Carroll’s RSUs?

The 200,000 performance-based RSUs may vest if FTC Solar’s common stock reaches $10 and/or $20 during the three-year period from the grant date. Vesting also depends on Carroll’s continued employment on any date those price targets are achieved.

How many FTC Solar (FTCI) shares does Anthony Carroll hold after these grants?

After the reported RSU grants, Anthony Carroll directly holds 634,205 shares of FTC Solar common stock. This figure reflects his beneficial ownership following the acquisitions disclosed in the Form 4 insider trading report.

Are Anthony Carroll’s new FTCI RSU awards market purchases or compensation?

The RSU awards are compensation, not market purchases. They were granted at a price of $0.00 per share under an employment agreement and FTC Solar’s 2021 Stock Incentive Plan, reflecting stock-based executive compensation rather than open-market buying.