On January 23, 2022, Deepak Navnith and the Chief Executive Officer of FTC Solar, Inc. agreed that Mr. Navnith would step down from his position as Chief Operations Officer of the Company. Mr. Navniths departure is not related to any disagreement with the Company, and Mr. Navnith has agreed to remain employed by the Company for a transition period of 30-45 days in order to facilitate an effective transition. The Company presently intends to eliminate the position of Chief Operations Officer, with functions previously performed by Mr. Navnith to be transitioned to other parts of the Companys organization, each of which will ultimately report to the company's Chief Executive Officer.