Company: FTCI
Filing Date: 2025-07-15
Form Type: PRE 14A
Source: 0001193125-25-159376
Chunk: 13

Company: FTC Solar, Inc.
Filing Date: 2025-07-15
Form: PRE 14A
Chunk 13
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 THE ISSUANCE OF COMMON STOCK UNDERLYING THE WARRANT IN AN AMOUNT THAT MAY BE EQUAL TO OR EXCEED 20% OF OUR COMMON STOCK OUTSTANDING.

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PROPOSAL NO. 2: APPROVAL OF AN AMENDMENT TO THE FTC SOLAR, INC. 2021 STOCK INCENTIVE PLAN TO RESERVE AN ADDITIONAL 2,000,000 SHARES OF COMMON STOCK FOR ISSUANCE THEREUNDER Plan Amendment To accomplish the key objectives of our equity-based compensation programs, our Board of Directors has adopted resolutions approving, subject to approval by our stockholders, an amendment to the 2021 Plan to increase the number of shares of Common Stock available for grant under the 2021 Plan by reserving an additional 2,000,000 shares of Common Stock for issuance under the 2021 Plan (the “Plan Amendment”). The 2021 Plan as amended by the Plan Amendment is referred to below as the “Amended Plan.” The Plan Amendment is attached as Appendix Ato this Proxy Statement, and the Amended Plan is attached as Appendix Bto this Proxy Statement. Except for the proposed increase in the number of shares of our Common Stock that may be issued pursuant to awards granted under the 2021 Plan and related conforming changes to Section 4 of the 2021 Plan, the Plan Amendment does not change any other term or provision of the 2021 Plan as in effect prior to the Plan Amendment. Background and Reasons for Plan Amendment Our 2021 Plan was first adopted by our Board of Directors in April 2021 and was approved by our stockholders and became effective immediately upon our initial public offering (the “IPO”). The 2021 Plan and the shares of Common Stock initially reserved for issuance under the 2021 Plan were based on (among other factors) the size of our business, our employee headcount, and our growth expectations as of our IPO. Key Equity Compensation Principles and Objectives The purpose of the 2021 Plan is to provide additional incentives to selected officers, employees, non-employeedirectors, independent contractors and consultants, to strengthen their commitment, motivate them to faithfully and diligently perform their responsibilities and to attract and retain competent and dedicated persons who are essential to the success of our business and whose efforts will impact our long-term growth and profitability. The 2021 Plan is also designed to accomplish the following business objectives.

| • |     | Equity-Based Compensation Conserves Cash: We are focused on becoming a profitable and cash flow