FTCI Form 4: CFO receives 150,000 PSUs with tranche vesting

Rhea-AI Filing Summary

FTC Solar (FTCI) reported an insider equity grant. The company’s Chief Financial Officer received 150,000 Performance Stock Units on 10/20/2025 under the 2021 Stock Incentive Plan. The PSUs convert into an equal number of common shares and vest in three annual tranches, with each tranche contingent on the company’s stock achieving a specified per‑share price threshold and the executive meeting a service condition. The award is shown at a $0 derivative price, is held directly, and carries an expiration date of 10/20/2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Behnen Cathy

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Unit	150,000	$0.00	--

Holdings After Transaction: Performance Stock Unit — 150,000 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

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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^*

Behnen Cathy

(Last) (First) (Middle)

C/O FTC SOLAR, INC.

9020 N CAPITAL OF TEXAS HWY, SUITE I-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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL 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		150,000		(2)	10/20/2028	Common Stock	150,000	$0	150,000	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/ Michael Penney, 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 150,000 Performance Stock Units (PSUs) to the CFO on 10/20/2025 under the 2021 Stock Incentive Plan.

How do the FTCI CFO’s PSUs vest?

They vest in three annual tranches, each conditioned on meeting a specified per‑share price threshold and a service condition.

What is the number of shares underlying the PSUs?

The PSUs are linked to 150,000 shares of FTC Solar common stock.

Is there an exercise or purchase price for the PSUs?

The filing lists a $0 price for the derivative security.

When do these PSUs expire?

The expiration date disclosed is 10/20/2028.

How is the ownership of the award recorded?

The award is reported as Direct (D) ownership by the CFO.

Which plan authorized the grant?

The award was made under the company’s 2021 Stock Incentive Plan.