ShareholdingJun 15, 2026, 04:32 PM
FTC Solar Amends 10-K to Update Beneficial Ownership, Equity Plans
AI Summary
FTC Solar, Inc. filed Amendment No. 2 to its Form 10-K to update the beneficial ownership table, notably removing AV Securities, Inc. due to a certification of no beneficial ownership. The amendment also includes updated Section 302 certifications from the principal executive and financial officers. The filing details beneficial ownership as of April 28, 2026, showing South Lake One LLC and Shaker Sadasivam as significant holders, and provides an overview of equity compensation plans as of December 31, 2025.
Key Highlights
- FTC Solar, Inc. filed Amendment No. 2 to its Form 10-K to update beneficial ownership information.
- AV Securities, Inc. was deleted from the beneficial ownership table due to lack of beneficial ownership.
- Total common stock outstanding was 15,970,751 shares as of April 28, 2026.
- South Lake One LLC beneficially owns 1,486,759 shares, representing 9.3% of common stock.
- Shaker Sadasivam, Board Chair, beneficially owns 1,530,280 shares, representing 9.6%.
- All executive officers and directors as a group beneficially own 3,510,706 shares, or 21.6%.
- 3,925,871 securities were issuable under equity compensation plans at a weighted-average exercise price of $21.28 as of Dec 31, 2025.
- 660,993 securities remained available for future issuance under equity compensation plans.
- New Section 302 certifications were filed by the principal executive and financial officers.
Price Impact
More from FTCI