Markus Gloeckler - Mar 6, 2024 Form 4 Insider Report for FIRST SOLAR, INC. (FSLR)

Role
Chief Technology Officer
Signature
/s/ Jason E. Dymbort, attorney-in-fact
Stock symbol
FSLR
Transactions as of
Mar 6, 2024
Transactions value $
-$319,180
Form type
4
Date filed
3/8/2024, 05:14 PM
Previous filing
Mar 1, 2024
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSLR Common Stock Options Exercise $0 +1.73K +12.79% $0.00 15.2K Mar 6, 2024 Direct F1
transaction FSLR Common Stock Tax liability -$123K -776 -5.09% $158.42 14.5K Mar 6, 2024 Direct F2
transaction FSLR Common Stock Options Exercise $0 +760 +5.25% $0.00 15.2K Mar 6, 2024 Direct F3
transaction FSLR Common Stock Tax liability -$54K -341 -2.24% $158.42 14.9K Mar 6, 2024 Direct F2
transaction FSLR Common Stock Options Exercise $0 +472 +3.17% $0.00 15.4K Mar 6, 2024 Direct F4
transaction FSLR Common Stock Tax liability -$33.6K -212 -1.38% $158.42 15.2K Mar 6, 2024 Direct F2
transaction FSLR Common Stock Sale -$109K -679 -4.48% $160.00 14.5K Mar 7, 2024 Direct F5

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 Options Exercise $0 -1.73K -100% $0.00* 0 Mar 6, 2024 Common Stock 1.73K Direct F6, F7
transaction FSLR Restricted Stock Units Options Exercise $0 -760 -33.33% $0.00 1.52K Mar 6, 2024 Common Stock 760 Direct F8, F9
transaction FSLR Restricted Stock Units Options Exercise $0 -472 -20.03% $0.00 1.88K Mar 6, 2024 Common Stock 472 Direct F8, F10
transaction FSLR Restricted Stock Units Award $0 +3.41K $0.00 3.41K Mar 6, 2024 Common Stock 3.41K Direct F8, F11
* 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 Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2020.
F2 Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
F3 Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2021.
F4 Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2023.
F5 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on May 15, 2023.
F6 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 2015 Omnibus Incentive Compensation Plan.
F7 The restricted stock units were granted on March 6, 2020 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2020 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
F8 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.
F9 The restricted stock units were granted on March 6, 2021 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2021 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
F10 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.
F11 The restricted stock units were granted on March 6, 2024 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2024 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.