FTC SOLAR, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

On April 3, 2023 (the "Amendment Date"), FTC Solar, Inc. (the "Company") and Sean Hunkler, the Company's current President and Chief Executive Officer entered into an amendment (the "Amendment") to the Employment Agreement, dated as of September 13, 2021, between the Company and Mr. Hunkler (the "Employment Agreement").

Pursuant to the Amendment, the Company cancelled, without consideration, (i) 50% of the Options ($30)(as defined in the Employment Agreement) granted to Mr. Hunkler pursuant to the Employment Agreement, representing the option held by Mr. Hunkler to purchase 526,875 shares of Company common stock subject to attainment of a $30-per-share performance hurdle, and (ii) 50% of the Options ($60)(as defined in the Employment Agreement) granted to Mr. Hunkler pursuant to the Employment Agreement, representing the option held by Mr. Hunkler to purchase 526,875 shares of Company common stock subject to attainment of a $60-per-share performance hurdle. In addition, pursuant to the Amendment, the exercise price of the remaining Options ($30) and Options ($60) was revised to equal the greater of (i) the thirty- (30-) day volume-weighted average trading price of the Company common stock with respect to the thirty-day period immediately preceding the Amendment Date and (ii) the closing per-share trading price of the Company common stock on the Amendment Date. The Amendment further modifies the options to replace the $30 target with a $10 target and the $60 target with a $21 target. All other terms of the options granted pursuant to the Employment Agreement remain unchanged.

The foregoing summary is qualified in its entirety by reference to the complete texts of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits.

(d)      Exhibits
  10.1   Amendment to Employment Agreement, dated April 3, 2023, among FTC Solar,
         Inc. and Sean Hunkler
104      Cover Page Interactive Data File - the cover page XBRL tags are embedded
         within the Inline XBRL document

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