FTC Solar director buys 33K shares at $2.19
Rhea-AI Filing Summary
FTC Solar, Inc. (FTCI) director Shaker Sadasivam reported purchasing 33,290 shares of common stock on August 26, 2026 at a weighted average price of $2.19 per share, in multiple trades between $2.13 and $2.29. Following this open-market purchase, he directly holds 114,798 shares of FTC Solar common stock.
In addition, Sadasivam is reported as having sole voting and dispositive power over 301,710 shares held indirectly through ChristSivam, LLC, while disclaiming beneficial ownership of those securities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 33,290 shares
Net Buy
2 txns
Insider
SADASIVAM SHAKER
Role
Director
Bought
33,290 shs ($73K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 33,290 | $2.19 | $73K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 114,798 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 $2.130 to $2.290. 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: 33,290 shares of Common Stock
Weighted average purchase price: $2.19 per share
Purchase price range: $2.130 to $2.290 per share
+2 more
5 metrics
Shares purchased
33,290 shares of Common Stock
Open-market purchase on August 26, 2026
Weighted average purchase price
$2.19 per share
Multiple transactions on August 26, 2026
Purchase price range
$2.130 to $2.290 per share
Price range for the 33,290 purchased shares
Direct holdings after transaction
114,798 shares
Direct ownership following the August 26, 2026 purchase
Indirect holdings through ChristSivam, LLC
301,710 shares
Indirect ownership with sole voting and dispositive power, subject to disclaimer
Key Terms
weighted average purchase price, disclaims beneficial ownership, pecuniary interest, voting and dispositive power, +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.
disclaims beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
voting and dispositive power regulatory
"has sole voting and dispositive power with respect to the shares"
Section 16 regulatory
"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
What insider transaction did FTCI director Shaker Sadasivam report?
Shaker Sadasivam reported buying 33,290 shares of FTC Solar common stock on August 26, 2026 at a weighted average price of $2.19 per share, with trade prices ranging from $2.13 to $2.29.
What indirect FTCI holdings are reported for Shaker Sadasivam?
The Form 4 reports 301,710 shares of FTC Solar common stock held indirectly through ChristSivam, LLC, over which Shaker Sadasivam has sole voting and dispositive power, subject to a disclaimer of beneficial ownership beyond any pecuniary interest.
Were Shaker Sadasivam’s FTCI trades made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is reported as not checked, indicating the transaction was not affirmed as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
