Shoals (SHLS) director Jeannette Mills receives 22,671-share RSU grant

Rhea-AI Filing Summary

MILLS JEANNETTE M reported acquisition or exercise transactions in this Form 4 filing.

Shoals Technologies Group director Jeannette M. Mills received an equity award of 22,671 shares of Class A Common Stock as restricted stock units. These RSUs will vest on the date of the 2027 shareholder meeting and will be delivered on June 30, 2031 under her deferral election. Following this grant, she directly holds 104,096 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MILLS JEANNETTE M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	22,671	$0.00	--

Holdings After Transaction: Class A Common Stock — 104,096 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 22,671 shares Transaction price per share: $0.00 Shares held after grant: 104,096 shares +2 more

5 metrics

RSU grant size 22,671 shares Restricted stock units granted to director on April 30, 2026

Transaction price per share $0.00 Equity award, not an open-market purchase

Shares held after grant 104,096 shares Director’s direct holdings following RSU award

Vesting date 2027 shareholder meeting RSUs vest on date of the 2027 shareholder meeting

Delivery date June 30, 2031 RSU shares delivered per deferral election

Key Terms

restricted stock units, RSUs, deferral election

3 terms

restricted stock units financial

"The reported securities were granted as restricted stock units ("RSUs") that will vest"

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.

RSUs financial

"The reported securities were granted as restricted stock units ("RSUs") that will vest"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

deferral election financial

"and will be delivered June 30, 2031, pursuant to the insider's deferral election."

Form 4 Insider Transactions: What Each Field Means →

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^*

MILLS JEANNETTE M

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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	04/30/2026		A		22,671(1)	A	$0	104,096	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. The reported securities were granted as restricted stock units ("RSUs") that will vest on the date of the 2027 shareholder meeting and will be delivered June 30, 2031, pursuant to the insider's deferral election.

Remarks:

	/s/ Bobbie King, as Attorney-in-Fact for Jeannette Mills	05/01/2026
	** 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)

FAQ

What did Shoals Technologies Group (SHLS) director Jeannette Mills report on this Form 4?

Jeannette M. Mills reported receiving 22,671 shares of Shoals Class A Common Stock as a restricted stock unit (RSU) grant. This is a compensation-related award, not an open-market stock purchase or sale, and increases her directly held shares to 104,096.

How many Shoals (SHLS) shares did Jeannette Mills acquire in this transaction?

Jeannette M. Mills acquired 22,671 shares of Shoals Class A Common Stock through a restricted stock unit grant. The transaction price per share was listed as 0, reflecting an equity award rather than a cash purchase on the open market.

When do Jeannette Mills’ Shoals (SHLS) RSUs vest and settle?

The reported Shoals RSUs will vest on the date of the 2027 shareholder meeting. According to the filing, the vested shares are scheduled to be delivered on June 30, 2031, pursuant to Ms. Mills’ deferral election choices for this award.

What is Jeannette Mills’ total Shoals (SHLS) share ownership after this RSU grant?

After the RSU grant, Jeannette M. Mills directly holds 104,096 shares of Shoals Class A Common Stock. This figure includes the newly awarded 22,671 restricted stock unit shares reported in the Form 4 insider transaction filing.

Was this Shoals (SHLS) Form 4 transaction a market buy or sell by Jeannette Mills?

No. The Form 4 shows a grant of restricted stock units, coded as a grant or award acquisition, not an open-market buy or sell. The transaction price is reported as zero, consistent with equity compensation rather than a market trade.