FSLR FIRST SOLAR, INC. Insider Trading

CPO Patrick Buehler sells 3,000 FSLR shares at $302.00 under 10b5-1 plan; stock now at $318.25

Chief Product Officer Patrick James Buehler sold 3,000 shares (40.5% of his pre-transaction holdings) at $302.00 on 2026-06-02, reducing his stake from 7,406 to 4,406 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2026-03-04, meaning it was scheduled rather than discretionary. The sale executed near the company's 52-week high of $313.75 and the stock has since moved to $318.25 current price. Context on prior outcomes: Buehler's single prior sale at FSLR on 2024-08-13 generated a 30-day return of +6.3% and 90-day return of -12.7%, indicating the stock subsequently declined after that prior sale. First Solar's fundamentals show $1.0B quarterly revenue, $346.6M net income, annual growth of +24.1%, and a P/E of 20.53. The scheduled nature of this trade removes any inference about insider timing signals or conviction.

Chief People Officer Caroline Stockdale sold 10,628 shares of FSLR at $275.60 for $2.9M via 10b5-1 plan (scheduled).

Caroline Stockdale executed a scheduled sale of 10,628 shares representing a -30.9% reduction of her FSLR holdings, from 34,420 to 23,792 shares. The transaction was conducted under a 10b5-1 trading plan adopted on 2026-02-27, meaning it was pre-arranged and non-discretionary. The company's fundamentals show strong performance with $1,044,240,000.00 in revenue (latest quarter), $346,619,000.00 net income, +24.1% annual revenue growth, and a P/E of 19.12. At the transaction price of $275.60, the stock has subsequently appreciated to a current price of $296.35, placing it -5.6% below its 52-week high of $313.75. The scheduled nature of this sale precludes any inference about timing conviction.

CEO Mark R Widmar sold 7,172 shares at $264.89 average for $1.9M under pre-arranged 10b5-1 plan.

Mark R Widmar, CEO of First Solar, executed 17 separate sales totaling 7,172 shares for $1,899,802.32 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-06. The sales occurred across two trading dates (May 22–26, 2026) at prices ranging from $250.02 to $276.29, with a blended average of $264.89. Because this transaction is scheduled under a 10b5-1 plan rather than discretionary, it reflects a predetermined execution schedule rather than a market timing judgment. Post-transaction, Widmar retains 81,861 shares, representing an 8.1% reduction from his prior 89,033-share position. The stock currently trades at $273.67, near its 52-week high of $285.99, and has risen 38.6% over 30 days and 36.8% over 90 days; however, the company's fundamentals remain solid with $1.0B in quarterly revenue, $346.6M net income, and 24.1% annual revenue growth at a P/E of 17.66.

CEO Mark Widmar executes 13 sales totaling 4,815 shares for $1,191,377.84 under pre-arranged 10b5-1 plan

Mark R Widmar, Chief Executive Officer, executed 13 separate sales on 2026-05-21 totaling 4,815 shares for $1,191,377.84 via a pre-arranged 10b5-1 trading plan adopted on 2025-11-06. The sales reduced his holdings from 93,848 shares to 89,033 shares, representing a -5.1% reduction in pre-transaction holdings. This activity is scheduled rather than discretionary under the 10b5-1 framework. First Solar's fundamentals remain solid with annual revenue growth of +24.1%, net income of $346,619,000.00, and a P/E of 16.64, though the stock is -9.8% from its 52-week high of $285.99 despite a strong 30-day surge of +36.6%.

CEO Widmar disposed of ~11,200 shares for $2.6M across eight transactions, his 13th sale at FSLR in three years.

Mark Widmar, First Solar's CEO, sold approximately 11,200 shares in early May 2026 for a combined $2.6M—a reduction of roughly 1.4% to 2.2% per transaction across eight sales. This represents his 13th open-market sale at FSLR in the past three years and adds to a long pattern of dispositions with no offsetting open-market purchases during the period. The stock was trading well below its 52-week high at the time of sale and has gained modestly over the preceding three months. Widmar's prior five sales at this ticker have shown mixed timing results: one was well-timed at the 30-day mark as the stock subsequently declined slightly, but over the 90-day horizon all five of his prior exits saw the stock rise afterward, indicating poor long-term timing on those previous dispositions. The company itself remains profitable with strong annual revenue growth and trades at a reasonable valuation multiple, so the sale does not signal financial distress; however, a CEO with zero open-market purchases across five years combined with a long pattern of pure selling activity warrants attention to insider confidence trends.

CFO Bradley Alexander sold 14,106 shares ($2.8M) at FSLR on 2026-03-17 via pre-arranged 10b5-1 plan adopted 2025-11-06

On 2026-03-17, CFO Bradley Alexander R. executed 5 separate sales totaling 14,106 shares for $2,820,727.99 at an average price of $199.97, reducing his holdings from 44,106 shares to 30,000 shares. This transaction was part of a pre-arranged 10b5-1 trading plan adopted on 2025-11-06, meaning it was scheduled rather than a discretionary decision. The sale represents a -32.0% reduction in his pre-transaction holdings. As a scheduled disposition under a pre-established plan, this activity does not reflect contemporaneous trading judgment but rather execution of a plan established several months prior.

FSLR General Counsel sold 9,022 shares at $199.62 on 2026-03-17 under 10b5-1 plan; holdings reduced 47.8%.

Jason E. Dymbort, General Counsel and Secretary of First Solar, executed a sale of 9,022 shares at $199.62 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-13. This sale reduced his post-transaction holdings to 9,850 shares from 18,872 shares, a reduction of 47.8% of his pre-transaction position. Since the transaction is part of a scheduled 10b5-1 plan rather than discretionary, it reflects a predetermined trading schedule established months before execution and does not signal a timing judgment by the insider. The substantial reduction in holdings represents a material liquidation of his equity stake in the company.

CTO Markus Gloeckler sold 3,640 shares of FSLR at $196.95 on 2026-03-04 via 10b5-1 plan; holdings reduced to 8,037 shares

Markus Gloeckler, Chief Technology Officer of First Solar Inc., sold 3,640 shares at $196.95 for a total value of $716,898.00 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-10. This sale reduced his holdings from 11,677 shares to 8,037 shares, representing a 31.2% reduction in his position. Since this transaction is part of a scheduled 10b5-1 plan rather than discretionary trading, it reflects contractual obligations established in advance rather than a response to current market conditions or company circumstances.

Director Paul Stebbins sold 7,000 shares (7.0K shares) at blended avg $262.40 on 2025-11-07, reducing FSLR stake by -31.4%

Director Stebbins executed 3 separate sales totaling 7,000 shares for $1,836,804.24 on 2025-11-07, reducing his post-transaction holdings to 15,287 shares (a 31.4% reduction from his pre-transaction 22,287 shares). The sales occurred at prices ranging from $261.27 to $263.19, with the current stock price at $272.64—approximately 3.8% above the blended transaction average—indicating the director sold below current levels. At the same ticker, his prior sell on 2024-05-23 was well-timed on a 90-day basis (-11.1% return), suggesting some alignment with downside outcomes, though his cross-ticker track record shows mixed timing (33.33% well-timed rate with an average 90-day return of -1.3% across all prior sells). The substantial share reduction occurs in a company with strong fundamentals (revenue $1,594,856,000.00, net income $455,943,000.00, annual revenue growth +26.8%) and elevated recent momentum (+47.6% over 90 days, currently -1.7% from 52-week high).

Director Sweeney sold 4,500 FSLR shares ($1.2M) at $271.11; 3 prior FSLR sales all declined 90d post-sale; stock +47.6% in 90 days

Sweeney sold 4,500 shares (24.8% of prior holdings) at $271.11 on 2025-11-06, reducing his position from 18.2K to 13.7K shares. His track record at FSLR spans 3 prior sales, all of which were followed by 90-day declines (-17.4%, -17.7%, -10.0%), establishing a 100% well-timed pattern at this ticker. However, the present context is materially different: the stock has risen 47.6% over the past 90 days and is within 1.7% of its 52-week high ($277.39), and the company is growing revenue at 26.8% annually with a P/E of 20.89 on a market cap of $29.3B. The timing signal from prior FSLR sales—predicting post-sale declines—must be weighed against the concurrent fundamental backdrop and near-peak valuation, making the significance of this trade dependent on whether this sale represents a reversion to insider's prior pattern or a coincidental occurrence in a sharply appreciating stock at elevated valuation.