Verma Kuntal Kumar 4

4 · FIRST SOLAR, INC. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

First Solar (FSLR) CMO Kuntal Verma Sells Shares

What Happened

Kuntal Verma, Chief Manufacturing Officer at First Solar (FSLR), had 907 restricted stock units (RSUs) vest on March 13, 2026 and then completed open-market sales on March 16–17, 2026. The filing shows 907 shares issued on vesting and those 907 shares were surrendered to the issuer to satisfy tax withholding (no cash value reported).
After vesting, Verma sold 392 shares on March 16 at $200.80 each for $78,714 and 180 shares on March 17 at $199.53 each for $35,915, for total gross proceeds of approximately $114,629. These sales were effected under a pre-established Rule 10b5-1 trading plan.

Key Details

Transaction dates and prices:
- 2026-03-13: 907 RSUs vested → 907 shares issued (acquired at $0.00) and 907 shares surrendered to issuer for tax withholding (reported as derivative disposition at $0.00).
- 2026-03-16: Sold 392 shares @ $200.80 = $78,714 (open-market sale).
- 2026-03-17: Sold 180 shares @ $199.53 = $35,915 (open-market sale).
Total open-market sale proceeds: ≈ $114,629.
Shares owned after the transaction: Not specified in the supplied filing details.
Notable footnotes:
- RSUs were part of a March 15, 2022 grant that vests 20% annually (F1, F4, F5).
- Some shares were sold/withheld by the issuer to cover tax withholding on vesting (F2).
- The March 16–17 sales were made pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 26, 2025 (F3).
Filing timeliness: No late filing was indicated in the provided data.

Context

The March 13 entry reflects RSU vesting (a conversion of a derivative right into shares), not an option exercise requiring cash; the issuer withheld shares to cover taxes (a routine administrative step).
The subsequent March 16–17 open-market sales were executed under a 10b5-1 plan, which typically schedules trades in advance and does not necessarily reflect new insider sentiment.
These transactions are routine compensation-related activity rather than a straightforward buy signal; purchases generally carry more weight as a positive insider signal.

Form 4

Period: 2026-03-13

Chief Manufacturing Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-13+907→ 10,008 total
Sale
Common Stock
[F2]
2026-03-16$200.80/sh−392$78,714→ 9,616 total
Sale
Common Stock
[F3]
2026-03-17$199.53/sh−180$35,915→ 9,436 total
Exercise/Conversion
Restricted Stock Units
[F4][F5]
2026-03-13−907→ 907 total
→ Common Stock (907 underlying)

Footnotes (5)

[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 26, 2025.
[F4]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.
[F5]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, attorney-in-fact|2026-03-17

1 file