Farhad Ebrahimi Discloses Stake in First Solar

TL;DR

**FSLR:** Farhad Ebrahimi just filed a 13D, indicating a new stake. Watch this space.

AI Summary

Farhad Ebrahimi, through a filing on December 10, 2024, has disclosed a significant stake in First Solar, Inc. The filing indicates a change in beneficial ownership, though specific dollar amounts and the exact percentage of ownership are not detailed in this excerpt. The event requiring this filing occurred on December 6, 2024.

Why It Matters

This filing signals a potential shift in the shareholder landscape for First Solar, Inc., which could influence future corporate actions or stock performance.

Risk Assessment

Risk Level: medium — A Schedule 13D filing indicates a significant stake and potential for activist involvement, which can introduce uncertainty and volatility.

Key Players & Entities

• First Solar, Inc. (company) — Subject Company
• EBRAHIMI FARHAD FRED (person) — Filing Person
• Brad Nelson (person) — Person Authorized to Receive Notices
• 191 University Blvd, Suite 246 Denver, Colorado 80206 (address) — Filing Person's Mail Address
• 350 WEST WASHINGTON STREET SUITE 600 TEMPE AZ 85288 (address) — First Solar, Inc. Business Address

FAQ

Key Financial Figures

• $0.001 — statement relates to the common stock, $0.001 par value per share (the Common Stock),
• $348,667,969.00 — ion . The reporting Persons have paid $348,667,969.00 from personal funds to acquire the Comm
• $198.55 — arate price. (A) – Price range $198.55 - $199.00 (B) – Price range $2
• $199.00 — e. (A) – Price range $198.55 - $199.00 (B) – Price range $200.40 - $2
• $200.40 — 55 - $199.00 (B) – Price range $200.40 - $200.55 All of these transactions w
• $200.55 — 00 (B) – Price range $200.40 - $200.55 All of these transactions were effect
• $165.00 — 17/2025 Obligation to buy 400,000 $165.00 1/17/2025 Obligation to buy 300,0
• $170.00 — 17/2025 Obligation to buy 300,000 $170.00 1/17/2025 Obligation to buy 200,0
• $180.00 — 17/2025 Obligation to buy 200,000 $180.00 1/17/2025 Obligation to buy 200,0
• $185.00 — 17/2025 Obligation to buy 200,000 $185.00 3/21/2025 Obligation to buy 100,0
• $175.00 — 21/2025 Obligation to buy 100,000 $175.00 3/21/2025 Obligation to buy 100,0
• $200.00 — 21/2025 Obligation to buy 100,000 $200.00 3/21/2025 Obligation to buy 200,0
• $150.00 — 20/2025 Obligation to buy 100,000 $150.00 6/20/2025 Obligation to buy 476,6
• $190.00 — /20/2025 Obligation to buy 61,300 $190.00 6/20/2025 Obligation to buy 100,0
• $160.00 — 17/2025 Obligation to buy 139,200 $160.00 1/16/2026 Obligation to buy 600,0

Filing Documents

• first_solar_13d_12-10-20.htm (SC 13D) — 217KB
• 0000950170-24-134827.txt ( ) — 219KB

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 . The reporting Persons have paid $348,667,969.00 from personal funds to acquire the Common Stock.

PURPOSE OF TRANSACTION

ITEM 4. PURPOSE OF TRANSACTION . The Reporting Persons have purchased Common Stock in the open market and the number of share beneficially owned has increased to above 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 sy

INTEREST IN SECURITIES OF THE ISSUER

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER . (a) Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi jointly hold 6,876,473 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 October 25, 2024, this represents 6.42% 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: 6,876,473 shares (iii) sole power to dispose or to direct the disposition of: 0 shares (iv) shared power to vote or to direct the vote: 6,876,473 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) 11/4/2024 Sale of Common Stock 50,000 211.54 11/18/2024 Sale of Common Stock 7,419 193.98 12/6/2024 Purchase of Common Stock 1,451,400 198.74 (A) 12/6/2024 Purchase of Common Stock 300,500 200.40 (B) 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 $198.55 - $199.00 (B) – Price range $200.40 - $200.55 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. - 6 - Expiration Date Type of Transaction Quantity Strike Price 1/17/2025 Obligation to buy 400,000 $165.00 1/17/2025 Obligation to buy 300,000 $165.00 1/17/2025 Obligation to buy 300,000 $170.00 1/17/2025 Obligation to buy 200,000 $180.00 1/17/2025 Obligation to buy 200,000 $185.00 3/21/2025 Obligation to buy 100,000 $175.00 3/21/2025 Obligation to buy 100,000 $200.00 3/21/2025 Obligation to buy 200,000 $200.00 6/20/2025 Obligation to buy 100,000 $150.00 6/20/2025 Obligation to buy 476,600 $150.00 6/20/2025 Obligation to buy 300,000 $165.00 6/20/2025 Obligation to buy 100,000 $175.00 6/20/2025 Obligation to buy 600,000 $180.00 6/20/2025 Obligation to buy 142,900 $180.00 6/20/2025 Obligation to buy 61,300 $190.00 6/20/2025 Obligation to buy 100,000 $190.00 6/20/2025 Obligation to buy 100,000 $190.00 6/20/2025 Obligation to buy 100 $200.00 6/20/2025 Obligation to buy 300,000 $200.00 7/18/2025 Obligation to buy 300,000 $200.00 9/19/2025 Obligation to buy 100,000 $170.00 9/19/2025 Obligation to buy 108,000 $185.00 10/17/2025 Obligation to buy 139,200 $160.00 1/16/2026 Obligation to buy 600,000 $135.00 1/16/2026 Obligation to buy 96,000 $150.00 1/16/2026 Obligation to buy 200,000 $170.00 1/16/2026 Obligation to buy 100,000 $170.00 1/16/2026 Obligation to buy 100,000 $170.00 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 263,000 $200.0

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: December 10, 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 -

View Full Filing

View this SC 13D filing on SEC EDGAR