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Shoals Technologies Group (SHLS) HR chief discloses 108,652-share holding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. reported the initial equity holdings of Chief People Officer James Ryan Hart on a Form 3. He beneficially owns 108,652 shares of Class A Common Stock, including 91,475 restricted stock units that convert into one share each as they vest.

The RSUs vest in multiple tranches between June 1, 2026 and March 4, 2029, and each tranche requires his continued employment through the applicable vesting date. The filing does not show any recent share purchases or sales, only his current ownership position.

Positive

  • None.

Negative

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Insider Hart James Ryan
Role Chief People Officer
Type Security Shares Price Value
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 108,652 shares (Direct)
Footnotes (1)
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Total beneficial ownership 108,652 shares Class A Common Stock held by Chief People Officer on Form 3
Total RSUs 91,475 RSUs Restricted stock units convertible into Class A Common Stock
RSUs vesting March 4, 2027 4,872 RSUs Single tranche vesting on March 4, 2027
RSUs vesting June 1, 2026 21,930 RSUs First tranche of a grant vesting June 1, 2026
RSUs vesting June 1, 2027 10,965 RSUs Second tranche of same grant vesting June 1, 2027
RSUs vesting March 4, 2027-2028 32,680 RSUs Two equal installments on March 4, 2027 and March 4, 2028
RSUs vesting 2027-2029 21,028 RSUs Three equal installments on March 4, 2027, 2028, and 2029
restricted stock units financial
"Includes 91,475 restricted stock units ("RSUs") representing a right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"representing a right to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"Of the RSUs reported herein, (i) 4,872 RSUs will vest on March 4, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continued employment financial
"In each case, vesting is subject to the Reporting Person's continued employment"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Hart James Ryan

(Last)(First)(Middle)
1500 SHOALS WAY

(Street)
PORTLAND TENNESSEE 37148

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2026
3. Issuer Name and Ticker or Trading Symbol
Shoals Technologies Group, Inc. [ SHLS ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief People Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock108,652(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes 91,475 restricted stock units ("RSUs") representing a right to receive one share of the Issuer's Class A Common Stock. Of the RSUs reported herein, (i) 4,872 RSUs will vest on March 4, 2027; (ii) 21,930 RSUs will vest on June 1, 2026 and 10,965 RSUs will vest on June 1, 2027; (iii) 32,680 RSUs will vest in two equal installments on March 4, 2027 and March 4, 2028; and (iv) 21,028 RSUs will vest in three equal installments on March 4, 2027, March 4, 2028, and March 4, 2029. In each case, vesting is subject to the Reporting Person's continued employment through the applicable vesting date.
Remarks:
Exhibit 24: Power of Attorney
/s/ Bobbie King, as Attorney-in-Fact for James Hart04/10/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Shoals Technologies Group (SHLS) Form 3 for James Ryan Hart show?

The Form 3 shows Chief People Officer James Ryan Hart’s initial ownership of 108,652 shares of Shoals Technologies Group Class A Common Stock, including 91,475 RSUs that vest over several years, subject to his continued employment with the company.

How many Shoals Technologies Group (SHLS) RSUs does James Ryan Hart hold?

James Ryan Hart holds 91,475 restricted stock units (RSUs), each representing the right to receive one share of Class A Common Stock. These RSUs vest in scheduled installments between 2026 and 2029, contingent on his continued employment through each vesting date.

Are there any share purchases or sales reported in the SHLS Form 3 for James Ryan Hart?

The Form 3 for James Ryan Hart reports only his current ownership, not any new purchases or sales. It lists 108,652 shares of Class A Common Stock, including 91,475 RSUs with future vesting dates, establishing his starting equity position as an officer.

When will James Ryan Hart’s Shoals Technologies Group (SHLS) RSUs vest?

The RSUs are scheduled to vest on multiple dates: June 1, 2026 and 2027, and March 4, 2027, 2028, and 2029. Each vesting installment requires that James Ryan Hart remains employed with Shoals Technologies Group through the applicable vesting date.

What role does James Ryan Hart hold at Shoals Technologies Group (SHLS)?

James Ryan Hart is the Chief People Officer of Shoals Technologies Group, Inc. His Form 3 filing discloses his initial beneficial ownership of 108,652 shares of Class A Common Stock, including a substantial portion in the form of time-vested restricted stock units.