Ebrahimi Amends First Solar Stake Filing

Ticker: FSLR · Form: SC 13D/A · Filed: Aug 7, 2024 · CIK: 1274494

First Solar, INC. SC 13D/A Filing Summary
FieldDetail
CompanyFirst Solar, INC. (FSLR)
Form TypeSC 13D/A
Filed DateAug 7, 2024
Risk Levelmedium
Pages7
Reading Time8 min
Key Dollar Amounts$0.001, $208.49, $208.88, $135.00, $140.00
Sentimentneutral

Sentiment: neutral

Topics: sec-filing, schedule-13d, beneficial-ownership

Related Tickers: FSLR

TL;DR

Ebrahimi updated his First Solar stake filing. Watch for more details.

AI Summary

Farhad Ebrahimi, through an amendment filed on August 7, 2024, has updated his Schedule 13D filing concerning First Solar, Inc. The filing indicates a change in the beneficial ownership of the company's common stock. Specific details regarding the exact percentage change or dollar amounts are not immediately clear from this amendment's summary, but it signifies an ongoing interest or adjustment by Ebrahimi in First Solar.

Why It Matters

This amendment signals potential shifts in significant shareholder positions, which could influence market perception and trading activity for First Solar.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in a significant investor's strategy or holdings, potentially impacting the stock price.

Key Players & Entities

FAQ

What is the specific change in beneficial ownership reported in this amendment?

This amendment (No. 1) to Schedule 13D does not explicitly state the exact percentage or number of shares change in beneficial ownership, but it is an update to a previous filing.

Who is the filing person making this amendment?

The filing person is Farhad Ebrahimi.

What is the CUSIP number for First Solar, Inc. common stock?

The CUSIP number for First Solar, Inc. common stock is 336433107.

When was the event requiring this filing amendment?

The date of the event which requires filing of this statement is August 5, 2024.

What is the business address of First Solar, Inc.?

The business address of First Solar, Inc. is 350 West Washington Street, Suite 600, Tempe, AZ 85288.

Filing Stats: 2,118 words · 8 min read · ~7 pages · Grade level 10.5 · Accepted 2024-08-07 09:38:33

Key Financial Figures

Filing Documents

Security and Issuer

ITEM 1. Security and Issuer . This statement relates to the common stock, $0.001 par value per share (the Common Stock), of First Solar, Inc., a corporation organized under the laws of the State of Delaware, with its principal executive offices at 350 West Washington Street, Suite 600, Tempe, Arizona 85281.

Identity and Background

ITEM 2. Identity and Background . (a) This statement is being filed by Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi (the Reporting Persons). (b) 191 University Blvd, Suite 246, Denver, Colorado 80206. (c) Farhad Fred Ebrahimi is a private investor, and Mary Wilkie Ebrahimi is not employed. (d) Neither of the Reporting Persons has, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). (e) Neither of the Reporting Persons has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding become (or remain) subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law, or finding any violation with respect to such laws. (f) United States.

Source and Amount of Funds or Other Consideration

ITEM 3. Source and Amount of Funds or Other Consideration . N/A. The Reporting Persons sold Common Stock.

PURPOSE OF TRANSACTION

ITEM 4. PURPOSE OF TRANSACTION . The Reporting Persons have sold Common Stock in the open market and the number of share beneficially owned has dropped below 5%. The Reporting Persons may make additional purchases of Common Stock or other securities of the Issuer, either in the open market or in private transactions, depending on their evaluation of the Issuer’s business, prospects and financial condition, the market for the Common Stock or other securities, other opportunities available to them, general economic conditions, money and stock market conditions, and other future developments. Depending on these same - 4 - factors, the Reporting Persons may decide to sell all or part of their investment in the Issuer’s Common Stock. Except as set forth in this document, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer. (f) Any other material change in the Issuer’s business or corporate structure. (g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a

INTEREST IN SECURITIES OF THE ISSUER

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER . (a) Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi jointly hold 5,253,825 shares of the Issuer’s Common Stock. Based on the number of shares reported as outstanding in the Issuer’s 10-Q, filed with the Securities Exchange Commission on July 30, 2024, this represents 4.91% of the outstanding Common Stock of the Issuer. - 5 - (b) Number of shares as to which Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi have: (i) sole power to vote or to direct the vote: 0 shares (ii) shared power to vote or to direct the vote: 5,253,825 shares (iii) sole power to dispose or to direct the disposition of: 0 shares (iv) shared power to vote or to direct the vote: 5,253,825 shares (c) The following transactions have been effected by the Reporting Persons in the last 60 days or since their last 13D: Date of Transaction Type of Transaction Quantity Price per share (in US Dollars) 7/19/2024 Sale of Common Stock 25,000 215.49 8/5/2024 Sale of Common Stock 206,400 208.77 (A) 8/5/2024 Sale of Common Stock 47,000 211.32 Note 1: Price per share is reported except as noted below where multiple purchases were conducted on the same day within a one dollar price range, in which case the weighted average purchase price is reported. The Reporting Persons undertake to provide upon request by the staff full information regarding the number of shares purchased at each separate price. (A) – Price range $208.49 - $208.88 All of these transactions were effected by the Reporting Persons through Fidelity Investments’ online brokerage. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of the shares beneficially owned by any of the Reporting Persons. (e) Not applicable

Contracts, Arrangements, Understandings or Relation-SHips with Respect to Securities of the Issuer

ITEM 6. Contracts, Arrangements, Understandings or Relation-SHips with Respect to Securities of the Issuer . The following PUT options are outstanding that may be exercised by the purchasers. The obligations to buy are subject to conditions which have not occurred and are beyond the Reporting Persons’ control. Expiration Date Type of Transaction Quantity Strike Price 9/20/2024 Obligation to buy 300,100 $135.00 9/20/2024 Obligation to buy 402,600 $140.00 - 6 - 9/20/2024 Obligation to buy 700,000 $165.00 9/20/2024 Obligation to buy 1,895,900 $170.00 1/17/2025 Obligation to buy 1,700,000 $135.00 1/17/2025 Obligation to buy 100,000 $140.00 1/17/2025 Obligation to buy 200,000 $145.00 1/17/2025 Obligation to buy 800,000 $150.00 1/17/2025 Obligation to buy 1,702,100 $160.00 1/17/2025 Obligation to buy 100,000 $165.00 1/17/2025 Obligation to buy 200,000 $170.00 1/17/2025 Obligation to buy 200,000 $175.00 1/17/2025 Obligation to buy 700,000 $180.00 1/17/2025 Obligation to buy 400,000 $185.00 1/17/2025 Obligation to buy 200,000 $190.00 1/17/2025 Obligation to buy 500,000 $200.00 6/20/2025 Obligation to buy 900,000 $140.00 6/20/2025 Obligation to buy 450,000 $150.00 6/20/2025 Obligation to buy 600,000 $165.00 6/20/2025 Obligation to buy 200,000 $175.00 6/20/2025 Obligation to buy 300,000 $180.00 6/20/2025 Obligation to buy 100,000 $190.00 6/20/2025 Obligation to buy 500,100 $200.00 1/16/2026 Obligation to buy 500,000 $135.00 1/16/2026 Obligation to buy 100,000 $150.00 1/16/2026 Obligation to buy 200,000 $160.00 1/16/2026 Obligation to buy 100,000 $180.00 1/16/2026 Obligation to buy 100,000 $190.00 1/16/2026 Obligation to buy 563,000 $200.00 The following Call options are outstanding and may be exercised by the purchasers. The ob

Material to Be Filed as Exhibits

ITEM 7. Material to Be Filed as Exhibits . Exhibit A - Power of Attorney Exhibit B - Power of Attorney Exhibit C - Agreement regarding filing of joint Schedule 13D. - 8 - SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: August 7, 2024 By: * Name: Farhad Fred Ebrahimi By: ** Name: Mary Wilkie Ebrahimi *By /s/ Brad Nelson Brad Nelson as Attorney-in-Fact **By: /s/ Brad Nelson Brad Nelson as Attorney-in-Fact *This Schedule 13D was executed by Brad Nelson pursuant to a Power of Attorney referenced in Exhibit A. **This Schedule 13D was executed by Brad Nelson pursuant to a Power of Attorney referenced in Exhibit B. - 9 - EXHIBIT INDEX Exhibit A - Power of Attorney incorporated by reference to Exhibit A to the Schedule 13D filed on January 26, 2024. Exhibit B - Power of Attorney incorporated by reference to Exhibit B to the Schedule 13D filed on January 26, 2024. Exhibit C - Agreement regarding filing of joint Schedule 13D incorporated by reference to Exhibit C to the Schedule 13D filed on January 26, 2024. - 10 -

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