Company: FTCI
Filing Date: 2025-07-15
Form Type: PRE 14A
Source: 0001193125-25-159376
Chunk: 19

Company: FTC Solar, Inc.
Filing Date: 2025-07-15
Form: PRE 14A
Chunk 19
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, as amended (the “Code”) as set forth in the applicable individual
option award agreement. The exercise price of all options granted under the Amended Plan will be determined by the plan administrator, but in no event may the exercise price be less than 100% of the fair market value of the related shares of our
Common Stock on the date of grant. The maximum term of all stock options granted under the Amended Plan will be determined by the plan administrator, but may not exceed ten years. Each stock option will

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vest and become exercisable (including in the event of the optionee’s termination of employment or service) at such time and subject to such terms and conditions as determined by the plan
administrator in the applicable individual option agreement.

Stock Appreciation Rights. Stock Appreciation Rights
(“SARs”) may be granted under the Amended Plan either alone or in conjunction with all or part of any option granted under the Amended Plan. A free-standing SAR granted under the Amended Plan entitles its holder to receive, at the time of
exercise, an amount per share equal to the excess of the fair market value (at the date of exercise) of a share of our Common Stock over the base price of the free-standing SAR. A SAR granted in conjunction with all or part of an option under the
Amended Plan entitles its holder to receive, at the time of exercise of the SAR and surrender of the related option, an amount per share equal to the excess of the fair market value (at the date of exercise) of a share of our Common Stock over the
exercise price of the related option. Each SAR will be granted with a base price that is not less than 100% of the fair market value of the related shares of our Common Stock on the date of grant. The maximum term of all SARs granted under the
Amended Plan will be determined by the plan administrator, but may not exceed ten years. The plan administrator may determine to settle the exercise of a SAR in shares of our Common Stock, cash or any combination thereof.

Each free-standing SAR will vest and become exercisable (including in the event of the SAR holder’s termination of employment or service)
at such time and subject to such terms and conditions as determined by the plan administrator in the applicable individual free-standing SAR agreement. SARs granted in conjunction with all or part of an option will be exercisable at such times and
subject to all of the terms and conditions applicable to the related option.

Other