FTC Solar director buys 27,025 shares at $3.70
FTC Solar, Inc. director Shaker Sadasivam bought 27,025 shares of common stock in an open-market purchase at a weighted average price of $3.70 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
FTC Solar, Inc. director Shaker Sadasivam bought 27,025 shares of common stock in an open-market purchase at a weighted average price of $3.70 per share. The shares were acquired in multiple trades between $3.680 and $3.700. Following the purchase, he directly owns 81,508 shares and has indirect ownership of 301,710 shares held by ChristSivam, LLC, an entity he manages with sole voting and dispositive power, subject to his stated beneficial ownership disclaimer.
Insider Trade Summary
Net Buyer: 27,025 shares
Net Buy
2 txns
Insider
SADASIVAM SHAKER
Role
Director
Bought
27,025 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 27,025 | $3.70 | $100K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 81,508 shares (Direct);
Common Stock — 301,710 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 $3.680 to $3.700. 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: 27,025 shares
Weighted average price: $3.70 per share
Purchase price range: $3.680–$3.700 per share
+3 more
6 metrics
Shares purchased
27,025 shares
Open-market purchase of FTC Solar common stock
Weighted average price
$3.70 per share
Price for 27,025-share open-market purchase
Purchase price range
$3.680–$3.700 per share
Range of individual trade prices on transaction date
Direct holdings after trade
81,508 shares
FTC Solar common stock directly owned by Sadasivam
Indirect holdings via LLC
301,710 shares
Shares held through ChristSivam, LLC
Net buy direction
27,025 shares net buy
transactionSummary shows net-buy activity
Key Terms
open-market purchase, weighted average purchase price, pecuniary interest, disclaims beneficial ownership, +1 more
5 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average purchase price financial
"Represents a weighted average purchase price per share"
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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
disclaims beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities"
Section 16 regulatory
"beneficial owner of such securities for Section 16 or any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FTCI director Shaker Sadasivam report?
FTC Solar director Shaker Sadasivam reported buying 27,025 shares of common stock in an open-market transaction. The purchase increased his direct holdings and reflects an additional personal investment in FTC Solar beyond his existing indirect interest through ChristSivam, LLC.
What is ChristSivam, LLC in the FTCI Form 4 filing?
ChristSivam, LLC is an entity that holds 301,710 FTC Solar shares reported as indirectly owned. Sadasivam is the Manager with sole voting and dispositive power. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, if any.
Does the FTCI Form 4 show any derivative securities activity?
No derivative securities are reported in this Form 4. The filing lists only common stock transactions, including the new 27,025-share open-market purchase and an updated indirect holding entry for 301,710 shares owned through ChristSivam, LLC, with no options or similar instruments disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
