FTC Solar (FTCI) director buys 39,583 shares in open market
Rhea-AI Filing Summary
FTC Solar, Inc. (FTCI) had a Form 4 filed for director Shaker Sadasivam, who purchased 39,583 shares of common stock on 2026-08-27 at a weighted average price of $2.35 per share, in multiple trades ranging from $2.28 to $2.45 per share. Following this open-market purchase, he directly holds 154,381 shares of FTC Solar common stock. In addition, a limited liability company for which he is Manager holds 301,720 shares reported as indirect ownership; 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: 39,583 shares
Net Buy
2 txns
Insider
SADASIVAM SHAKER
Role
Director
Bought
39,583 shs ($93K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 39,583 | $2.35 | $93K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 154,381 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 $2.280 to $2.450. 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: 39,583 shares of Common Stock
Weighted average purchase price: $2.35 per share
Price range of purchases: $2.280 to $2.450 per share
+3 more
6 metrics
Shares purchased
39,583 shares of Common Stock
Open-market or private purchase on 2026-08-27
Weighted average purchase price
$2.35 per share
Multiple transactions at prices ranging from $2.280 to $2.450 per share
Price range of purchases
$2.280 to $2.450 per share
Range of individual trade prices for the 39,583 purchased shares
Direct holdings after transaction
154,381 shares of Common Stock
Direct ownership reported following the 2026-08-27 purchase
Indirect holdings via LLC
301,720 shares of Common Stock
Shares held by ChristSivam, LLC with Sadasivam as Manager
Net buy shares
39,583 shares
Net buy activity in transaction summary for this Form 4
Key Terms
weighted average purchase price, 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.
dispositive power financial
"has sole voting and dispositive power with respect to the shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
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 ... ownership_type": "indirect""
FAQ
What insider transaction did FTCI director Shaker Sadasivam report on this Form 4?
He reported a purchase of 39,583 shares of FTC Solar, Inc. common stock on 2026-08-27 in an open-market or private transaction at a weighted average price of $2.35 per share.
Was the FTCI insider transaction made under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked, and the footnotes do not indicate that the reported purchase was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
