Shoals Technologies (SHLS) CFO has shares withheld to cover RSU tax bill

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. Chief Financial Officer Dominic Bardos reported a transaction involving Class A common stock. On March 4, 2026, 27,114 shares were withheld by the company to cover his income tax obligations arising from the vesting of restricted stock units, using a price of $6.14 per share for tax reporting. The filing specifies this was a tax-withholding disposition under the company’s 2021 Long-Term Incentive Plan and does not represent an open-market sale by Bardos. After this withholding, he directly holds 449,428 shares of Class A common stock.

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

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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^*

Bardos Dominic

(Last) (First) (Middle)

1400 SHOALS WAY

(Street)

PORTLAND TN 37148

(City) (State) (Zip)

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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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

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

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

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	03/04/2026		F		27,114(1)	D	$6.14(2)	449,428	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 Dominic Bardos	03/06/2026
	** 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).
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FAQ

What insider transaction did Shoals Technologies (SHLS) CFO Dominic Bardos report?

Shoals Technologies CFO Dominic Bardos reported a tax-withholding disposition of 27,114 Class A shares. The shares were withheld by the company to cover income taxes triggered by restricted stock unit vesting, rather than sold in the open market.

Was the SHLS CFO’s Form 4 transaction an open-market sale of shares?

No, the SHLS CFO’s Form 4 transaction was not an open-market sale. Shares were withheld by Shoals Technologies to satisfy income tax obligations from restricted stock unit vesting, as noted in the footnotes, and are classified as a tax-withholding disposition.

How many Shoals Technologies (SHLS) shares were withheld for the CFO’s taxes?

Shoals Technologies withheld 27,114 shares of Class A common stock for the CFO’s taxes. The withholding related to vesting restricted stock units, and the tax value used the Nasdaq Global Market closing price of $6.14 per share on the vesting date.

What price per share was used for the SHLS CFO’s tax-withholding transaction?

The Form 4 shows a price of $6.14 per share for the CFO’s tax-withholding transaction. Under the 2021 Long-Term Incentive Plan, Shoals uses the Nasdaq Global Market closing price on the vesting date to compute tax reporting and withholding on restricted stock units.

How many Shoals Technologies (SHLS) shares does the CFO hold after this Form 4?

After the reported tax-withholding disposition, the Shoals Technologies CFO directly holds 449,428 Class A common shares. This balance reflects his holdings following the 27,114 shares withheld by the company to cover income tax obligations from restricted stock unit vesting.

What does transaction code F mean in the SHLS CFO’s Form 4 filing?

In the SHLS CFO’s Form 4, transaction code F indicates shares used to pay an exercise price or tax liability. Here it reflects shares withheld by the issuer to satisfy income taxes tied to restricted stock unit vesting, not a discretionary stock sale.