Company: FTCI
Filing Date: 2025-07-15
Form Type: PRE 14A
Source: 0001193125-25-159376
Chunk: 16

Company: FTC Solar, Inc.
Filing Date: 2025-07-15
Form: PRE 14A
Chunk 16
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-----------:|:--|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| RSU Awards Granted                     |     |                               |    257,466 |   |     |   |    679,989 |   |     |   |    540,786 |   |     |   |    492,747 |   |
| PSU Awards Granted                     |     |                               |    150,000 |   |     |   |    532,942 |   |     |   |    152,000 |   |     |   |    278,314 |   |
| Stock Options Granted                  |     |                               |      1,200 |   |     |   |     45,000 |   |     |   |    300,000 |   |     |   |    115,400 |   |
| Weighted Average Shares Outstanding    |     |                               | 12,675,923 |   |     |   | 11,554,615 |   |     |   | 10,140,827 |   |     |   | 11,457,122 |   |
| Burn Rate                              |     |                               |        3.2 | % |     |   |       10.9 | % |     |   |        9.8 | % |     |   |        7.7 | % |
| Stock Price as of Date of Annual Grant |     | $                             |       3.97 |   |     | $ |      15.40 |   |     | $ |      37.16 |   |     | $ |      18.84 |   |

8

Our Board of Directors evaluated the dilution potentially caused by the Plan Amendment in connection with its approval of the Plan Amendment. Our Board of Directors believes the potential dilutive impact of the increase in the number of shares of Common Stock proposed to be added under the 2021 Plan is reasonable in light of the objectives and other considerations summarized above. The table below shows the potential dilution resulting from the Plan Amendment based on the number of shares of our Common Stock outstanding as of July 9, 2025 and our fully-diluted capitalization as of July 9, 2025, the additional shares of Common Stock requested under the Plan Amendment, and the total equity awards outstanding under the 2021 Plan as of