FTCI Form 4: CEO awarded 400,000 PSUs with 3‑year vesting

Rhea-AI Filing Summary

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.

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

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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^*

Brandt Yann

(Last) (First) (Middle)

C/O FTC SOLAR, INC.

9020 N. CAPITAL OF TX HWY, STE. 260

(Street)

AUSTIN TX 78759

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FTC Solar, Inc. [ FTCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/20/2025

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

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
Performance Stock Unit	(1)	10/20/2025		A		400,000		(2)	10/20/2028	Common Stock	400,000	$0	400,000	D

Explanation of Responses:

1. Represents a grant of Performance Stock Units ("PSUs") pursuant to the Issuer's 2021 Stock Incentive Plan.

2. These PSUs vest in 3 annual tranches, with vesting of each tranche conditioned upon the Issuer's common stock satisfying a specified per share price threshold and the Reporting Person satisfying a service condition.

	/s/ Cathy Behnen, as Attorney-in-Fact	10/22/2025
	** 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 did FTCI disclose in this Form 4?

A grant of 400,000 PSUs to the Chief Executive Officer on 10/20/2025 under the 2021 Stock Incentive Plan.

How do the PSUs for FTCI’s CEO vest?

They vest in 3 annual tranches, each requiring specified per‑share price thresholds and a service condition.

What is the underlying security and amount for the PSUs?

Each PSU corresponds to one share of common stock; total underlying is 400,000 shares.

What are the key dates for the PSUs?

Grant date: 10/20/2025; expiration date: 10/20/2028.

What price was reported for the derivative security?

The Form 4 lists a derivative price of $0 for the PSUs.

How many derivative securities were owned after the transaction?

400,000 derivative securities were beneficially owned following the transaction, held directly.

Who received the PSU grant at FTCI?

The Chief Executive Officer, who is also a director of the company.