Company: FTCI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-164759
Chunk: 17

Company: FTC Solar, Inc.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 17
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 the exercise of the outstanding Warrants, 500,003 shares of Common Stock issuable under RSU inducement grants issued to our Chief Executive Officer, 68,502 shares of Common 
 Stock subject to outstanding awards under our 2017 Stock Incentive Plan as of July 9, 2025, and 4,209,778 shares of Common Stock that remain available for issuance under the 2021 Plan as of July 9, 2025 (including the 2,000,000 additional       
 shares of Common Stock to be added to the 2021 Plan by the Plan Amendment).                                                                                                                                                                          |

Description of the Amended Plan A summary description of the material features of the Amended Plan is set forth below. The following summary does not purport to be a complete description of all the provisions of the Amended Plan and is qualified by reference to the Plan Amendment and the Amended Plan attached hereto as Appendix Aand Appendix B, respectively. Stockholders should refer to the Amended Plan for more complete and detailed information about the terms and conditions of the Amended Plan. 9

Shares Available and Certain Limitation

The Amended Plan provides that a maximum number of 5,071,068 shares of our Common Stock may be issued pursuant to the Amended Plan, subject to
adjustment as provided by the Amended Plan, (the “Initial Maximum”), which Initial Maximum will be automatically increased on each January 1st by an amount equal to the lesser of (i) 4% of the total number of shares of our Common Stock
issued and outstanding on each December 31st immediately prior to the date of increase and (ii) a number of shares of our Common Stock determined by the plan administrator. A number of shares of our Common Stock up to the Initial Maximum
may be issued under the Amended Plan as incentive stock options. Non-employee directors may not be granted awards during any calendar year with a grant date fair value that, when aggregated with such non-employee director’s cash fees with respect to such calendar year, exceed $750,000 in total value or $1,000,000 in total value upon initial appointment.

Shares of our Common Stock subject to an award under the Amended Plan that remain unissued upon the cancellation, termination or expiration of
the award will again become available for grant under the Amended Plan. However, shares of our Common Stock that are exchanged by a participant or withheld by us as full or partial payment in connection with any award