---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-015856"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:13:54.469468+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-015856
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000114036123015856/0001140361-23-015856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000114036123015856/brhc10050886_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-015856
- JSON: https://secwatch.observer/filing/0001140361-23-015856.json
- Plain text: https://secwatch.observer/filing/0001140361-23-015856.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.