Company: FTCI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-164759
Chunk: 18

Company: FTC Solar, Inc.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 18
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 under the Amended Plan, as well
as any shares of our Common Stock exchanged by a participant or withheld by us to satisfy the tax withholding obligations related to any award, will not be available for subsequent awards under the Amended Plan. To the extent an award is paid or
settled in cash, the number of shares of our Common Stock previously subject to the award will again be available for grants pursuant to the Amended Plan. To the extent that an award can only be settled in cash, such award will not be counted
against the total number of shares of our Common Stock available for grant under the Amended Plan.

Awards and Vesting

Restricted Stock Units and Restricted Stock. RSUs and restricted stock may be granted under the Amended Plan. The plan administrator
will determine the purchase price, vesting schedule and performance objectives, if any, applicable to the grant of RSUs and restricted stock. If the restrictions, performance objectives or other conditions determined by the plan administrator are
not satisfied, the RSUs and restricted stock will be forfeited. Subject to the provisions of the Amended Plan and the applicable individual award agreement, the plan administrator may provide for the lapse of restrictions in installments or the
acceleration or waiver of restrictions (in whole or part) under certain circumstances as set forth in the applicable individual award agreement, including the attainment of certain performance goals, a participant’s termination of employment or
service, or a participant’s death or disability. The rights of RSU and restricted stock holders upon a termination of employment or service will be set forth in individual award agreements.

Unless the applicable award agreement provides otherwise, participants with restricted stock will generally have all of the rights of a
stockholder during the restricted period, including the right to vote and receive dividends declared with respect to such restricted stock, provided that any dividends declared during the restricted period with respect to such restricted stock will
generally only become payable if the underlying restricted stock vests. During the restricted period, participants with RSUs will generally not have any rights of a stockholder, but, if the applicable individual award agreement so provides, may be
credited with dividend equivalent rights that will be paid at the time that shares of our Common Stock in respect of the related RSUs are delivered to the participant.

Stock Options. We may issue stock options under the Amended Plan. Options granted under the Amended Plan may be in the form of non-qualified options or “incentive stock options” within the meaning of Section 422 of the Internal Revenue