Dymbort Jason E. 4
4 · FIRST SOLAR, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
First Solar (FSLR) GC Jason Dymbort Sells 9,380 Shares
What Happened
- Jason E. Dymbort, General Counsel and Secretary of First Solar (FSLR), reported the vesting/conversion of 854 restricted stock units (RSUs) on 2026-03-13 and open-market sales of 9,380 shares across 2026-03-16 and 2026-03-17. The open-market sales generated total proceeds of approximately $1,872,858 (358 shares at $200.80 = $71,886; 9,022 shares at a weighted average $199.62 = $1,800,972). The 854 vested RSUs were issued on 3/13 and reported as disposed to satisfy tax withholding (reported $0 proceeds).
Key Details
- Transaction dates and prices:
- 2026-03-13: 854 RSUs vested/converted to shares (reported as acquired at $0.00) — 20% tranche of 3/15/2022 grant.
- 2026-03-13: 854 shares disposed at $0.00 to satisfy tax withholding on vesting.
- 2026-03-16: Sold 358 shares @ $200.80 — proceeds $71,886.
- 2026-03-17: Sold 9,022 shares @ weighted avg $199.62 — proceeds $1,800,972 (multiple trades ranged $199.53–$200.00).
- Total open-market sale proceeds: ~$1,872,858.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- RSUs granted 3/15/2022 vest 20% annually (F1, F5, F6).
- 854 shares were withheld to satisfy tax obligations on vesting (F2).
- The 3/17 sale was executed under a pre-established Rule 10b5-1 trading plan adopted 11/13/2025 (F3).
- The 3/17 line reflects a weighted average price across multiple trades (F4).
- Filing date: Form 4 filed 2026-03-17 reporting transactions through 2026-03-13–03-17. The filing itself does not state any late-report designation.
Context
- The 854-share conversion reflects RSU vesting (each RSU converts to one share); the immediate disposition of those shares at $0.00 reflects shares surrendered/withheld to cover tax withholding, not an open-market sale for cash.
- The larger sales on 3/16–3/17 were open-market disposals, with the 3/17 sale executed under a prearranged 10b5-1 plan — such prearranged plans are commonly used to automate sales and do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
Form 4
Dymbort Jason E.
General Counsel and Secretary
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-13+854→ 19,230 total - Sale
Common Stock
[F2]2026-03-16$200.80/sh−358$71,886→ 18,872 total - Sale
Common Stock
[F3][F4]2026-03-17$199.62/sh−9,022$1,800,972→ 9,850 total - Exercise/Conversion
Restricted Stock Units
[F5][F6]2026-03-13−854→ 853 total→ Common Stock (854 underlying)
Footnotes (6)
- [F1]Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 15, 2022.
- [F2]Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 13, 2025.
- [F4]This transaction was executed in multiple trades at prices ranging from $199.53 to $200.00. 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]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.
- [F6]The restricted stock units were granted on March 15, 2022 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 15, 2022 are scheduled to vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
Signature
/s/ Jason E. Dymbort|2026-03-17