Alexander R. Bradley - Mar 6, 2023 Form 4 Insider Report for FIRST SOLAR, INC. (FSLR)

Signature
/s/ Jason E. Dymbort, attorney-in-fact
Stock symbol
FSLR
Transactions as of
Mar 6, 2023
Transactions value $
-$791,145
Form type
4
Date filed
10/3/2023, 05:06 PM
Previous filing
Mar 6, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSLR Common Stock Sale -$263K -1.68K -4.74% $156.73 33.7K Oct 2, 2023 Direct F1, F2
transaction FSLR Common Stock Sale -$142K -900 -2.67% $157.61 32.8K Oct 2, 2023 Direct F1, F3
transaction FSLR Common Stock Sale -$178K -1.12K -3.41% $158.79 31.7K Oct 2, 2023 Direct F1, F4
transaction FSLR Common Stock Sale -$150K -936 -2.95% $159.81 30.8K Oct 2, 2023 Direct F1, F5
transaction FSLR Common Stock Sale -$58.7K -365 -1.19% $160.88 30.4K Oct 2, 2023 Direct F1, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FSLR Restricted Stock Units Award $0 +2.36K $0.00 2.36K Mar 6, 2023 Common Stock 2.36K Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 7, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $156.29 to $157.19. The price reported above reflects the weighted average sale price for the transactions reported on this line. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 This transaction was executed in multiple trades at prices ranging from $157.30 to $157.97. The price reported above reflects the weighted average sale price for the transactions reported on this line. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 This transaction was executed in multiple trades at prices ranging from $158.47 to $159.36. The price reported above reflects the weighted average sale price for the transactions reported on this line. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 This transaction was executed in multiple trades at prices ranging from $159.52 to $160.30. The price reported above reflects the weighted average sale price for the transactions reported on this line. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 This transaction was executed in multiple trades at prices ranging from $160.58 to $161.17. The price reported above reflects the weighted average sale price for the transactions reported on this line. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2020 Omnibus Incentive Compensation Plan.
F8 The restricted stock units were granted on March 6, 2023 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2023 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.