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Shoals Technologies Group (SHLS) CEO has 104K shares withheld for RSU tax payment

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. reported that Chief Executive Officer Brandon Moss had 104,386 shares of Class A common stock delivered or withheld to cover income tax liability related to the vesting of restricted stock units. The price used for tax reporting was $8.14 per share, based on the Nasdaq Global Market closing price on the vesting date. Following this tax-withholding disposition, Moss directly holds 1,041,482 shares of Class A common stock. The company states this event does not represent an open-market sale by Moss.

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Insider MOSS BRANDON
Role Chief Executive Officer
Type Security Shares Price Value
Tax Withholding Class A Common Stock F1, F2 104,386 $8.14 $850K
Holdings After Transaction: Class A Common Stock — 1,041,482 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.
Shares delivered/withheld for taxes 104,386 shares Shares of Class A common stock used to satisfy income tax obligations on RSU vesting
Tax valuation price $8.14 per share Closing price on Nasdaq Global Market on the vesting date used for tax reporting and withholding
Shares held after transaction 1,041,482 shares Direct holdings of Class A common stock by CEO Brandon Moss following the tax-withholding disposition
Code F shares total 104,386 shares Exercise price or tax liability-related disposition as summarized in transaction data
restricted stock units financial
"in connection with the vesting of restricted stock units, and does not represent"
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.
withheld by the Issuer financial
"Represents shares of common stock that have been withheld by the Issuer"
2021 Long-Term Incentive Plan financial
"Pursuant to the Shoals Technologies Group, Inc. 2021 Long-Term Incentive Plan, the closing price"
closing price market
"the closing price of the common stock on the Nasdaq Global Market on the date"

FAQ

What did Shoals Technologies Group (SHLS) CEO Brandon Moss report in this Form 4?

Shoals Technologies Group CEO Brandon Moss reported that 104,386 shares of Class A common stock were delivered or withheld to cover income tax obligations arising from the vesting of restricted stock units.

Was the Shoals Technologies Group (SHLS) CEO’s Form 4 transaction an open-market sale?

No. The company states the 104,386 shares represent stock withheld to satisfy income tax obligations on vested restricted stock units and do not represent a sale by CEO Brandon Moss.

How many SHLS shares does CEO Brandon Moss hold after this reported transaction?

After the tax-withholding disposition, CEO Brandon Moss directly holds 1,041,482 shares of Shoals Technologies Group Class A common stock, as reported in the Form 4 filing for this transaction.

At what price were the withheld SHLS shares valued for tax purposes?

The 104,386 withheld shares were valued using the $8.14 per share closing price of Shoals Technologies Group common stock on the Nasdaq Global Market on the vesting date, consistent with the company’s 2021 Long-Term Incentive Plan.

What plan governed the restricted stock units in the SHLS CEO Form 4 filing?

The restricted stock units that vested, triggering the 104,386-share tax-withholding event, were granted under the Shoals Technologies Group, Inc. 2021 Long-Term Incentive Plan, which specifies use of the Nasdaq closing price for tax reporting.

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SEC Form 4
FORM 4UNITED 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*
MOSS BRANDON

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/13/2026F104,386(1)D$8.14(2)1,041,482D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 Brandon Moss08/14/2026
** 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 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)