Shoals President has 8,630 shares withheld for taxes

Shoals Technologies Group, Inc. reported a routine insider equity event involving its President, Jeffery Tolnar.

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. reported a routine insider equity event involving its President, Jeffery Tolnar. On June 1, 2026, 8,630 shares of Class A common stock were withheld at $12.18 per share to cover his income tax obligations tied to vesting restricted stock units. The company clarifies this is a tax-withholding disposition under its 2021 Long-Term Incentive Plan and does not represent an open-market sale by Tolnar. After this withholding, he directly holds 273,800 shares of Class A common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 8,630 shares

Exercise Price or Tax Liability 1 txn

Insider TOLNAR JEFFERY

Role President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	8,630	$12.18	$105K

Holdings After Transaction: Class A Common Stock — 273,800 shares (Direct)

Footnotes (2)

1. F1. Represents shares of common stock that have been withheld by the Issuer to satisfy the income tax obligations of the Reporting Person in connection with the vesting of restricted stock units, and does not represent a sale by the Reporting Person.
2. F2. Pursuant to the Shoals Technologies Group, Inc. 2021 Long-Term Incentive Plan, the closing price of the common stock on the Nasdaq Global Market on the date of vesting is used for purposes of computing tax reporting and withholding.

Key Figures

Shares withheld for taxes: 8,630 shares Withholding price per share: $12.18 per share Shares held after transaction: 273,800 shares

3 metrics

Shares withheld for taxes 8,630 shares Tax withholding on RSU vesting, June 1, 2026

Withholding price per share $12.18 per share Nasdaq Global Market closing price on vesting date

Shares held after transaction 273,800 shares Direct Class A common stock holdings after withholding

Key Terms

restricted stock units, income tax obligations, 2021 Long-Term Incentive Plan, Nasdaq Global Market

4 terms

restricted stock units financial

"in connection with the vesting of restricted stock units, and does not represent a sale"

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.

income tax obligations financial

"withheld by the Issuer to satisfy the income tax obligations of the Reporting Person"

2021 Long-Term Incentive Plan financial

"Pursuant to the Shoals Technologies Group, Inc. 2021 Long-Term Incentive Plan, the closing price"

Nasdaq Global Market financial

"the closing price of the common stock on the Nasdaq Global Market on the date of vesting"

The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Shoals Technologies Group (SHLS) report for Jeffery Tolnar?

Shoals Technologies Group reported that President Jeffery Tolnar had 8,630 Class A common shares withheld on June 1, 2026. The shares were used solely to satisfy income tax obligations from vesting restricted stock units under the 2021 Long-Term Incentive Plan.

Was the SHLS insider transaction by Jeffery Tolnar an open-market sale of shares?

No, the 8,630 SHLS shares were not sold on the open market. They were withheld by the company to cover Tolnar’s income tax obligations when his restricted stock units vested, as explicitly stated in the filing footnotes.

How many Shoals Technologies Group (SHLS) shares were involved in the tax withholding?

The filing shows that 8,630 shares of Shoals Technologies Group Class A common stock were withheld. The withholding price used for tax purposes was $12.18 per share, based on the Nasdaq Global Market closing price on the vesting date.

What is Jeffery Tolnar’s SHLS shareholding after the reported Form 4 transaction?

After the tax-withholding disposition, President Jeffery Tolnar directly holds 273,800 shares of Shoals Technologies Group Class A common stock. This figure reflects his position following the withholding of 8,630 shares for income tax obligations related to vested restricted stock units.

Why were SHLS shares withheld from Jeffery Tolnar upon RSU vesting?

Shares were withheld to satisfy Tolnar’s income tax obligations arising from the vesting of restricted stock units. Under the 2021 Long-Term Incentive Plan, Shoals uses the Nasdaq closing price on the vesting date to compute tax reporting and withholding for these equity awards.

How was the $12.18 price determined for the SHLS tax-withholding transaction?

The $12.18 per-share price equals the Shoals Technologies Group common stock closing price on the Nasdaq Global Market on the vesting date. The company’s 2021 Long-Term Incentive Plan specifies using this closing price to calculate tax reporting and withholding for vested restricted stock units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/02/2026 - 04:06 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TOLNAR JEFFERY

(Last) (First) (Middle)

1500 SHOALS WAY

(Street)

PORTLAND TENNESSEE 37148

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Shoals Technologies Group, Inc. [ SHLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/01/2026		F		8,630(1)	D	$12.18(2)	273,800	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock that have been withheld by the Issuer to satisfy the income tax obligations of the Reporting Person in connection with the vesting of restricted stock units, and does not represent a sale by the Reporting Person.

2. Pursuant to the Shoals Technologies Group, Inc. 2021 Long-Term Incentive Plan, the closing price of the common stock on the Nasdaq Global Market on the date of vesting is used for purposes of computing tax reporting and withholding.

Remarks:

	/s/ Bobbie King, as Attorney-in-Fact for Jeffery Tolnar	06/02/2026
	** Signature of Reporting Person	Date
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 4 (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 4: SEC 1474 (03-26)