FTC Solar cancels half of CEO's performance options, lowers exercise price targets to $10 and $21

FTC Solar, Inc.

Cancelled 526,875 shares of $30-target options and 526,875 shares of $60-target options, without consideration.
Remaining options' exercise price set to greater of 30-day VWAP or closing price on April 3, 2023.
Performance milestones reduced: $30 target replaced with $10 target, $60 target replaced with $21 target.
Vesting of amended options contingent on stock hitting new price targets within specified periods.
All other terms of CEO employment agreement unchanged.

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