Shoals Technologies (SHLS) president receives 56,075-share RSU equity grant

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. reported that its President, Jeffery Tolnar, acquired an equity award of 56,075 restricted stock units representing Class A common stock. These RSUs were granted at no cash cost per share and will vest in three equal installments on March 4, 2027, March 4, 2028, and March 4, 2029. Following this award, Tolnar directly holds 305,636 shares of Class A common stock, reflecting his updated ownership position.

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^*

TOLNAR JEFFERY

(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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		A		56,075(1)	A	$0	305,636	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 are restricted stock units ("RSUs") that each represents a right to receive one share of the Issuer's Class A Common Stock. The reported RSUs will vest in three equal installments on March 4, 2027, March 4, 2028, and March 4, 2029.

Remarks:

	/s/ Bobbie King, as Attorney-in-Fact for Jeffery Tolnar	02/19/2026
	** 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.

FAQ

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

Shoals Technologies Group reported that President Jeffery Tolnar received a grant of 56,075 restricted stock units. Each RSU represents the right to receive one share of Class A common stock, increasing his directly held stake to 305,636 shares after the award.

How many restricted stock units were granted to the SHLS President?

Jeffery Tolnar, President of SHLS, was granted 56,075 restricted stock units. Each unit entitles him to receive one share of Class A common stock upon vesting, which will occur in three equal installments over the coming years.

What is the vesting schedule for Jeffery Tolnar’s RSUs at Shoals Technologies Group (SHLS)?

The 56,075 RSUs granted to Jeffery Tolnar vest in three equal installments. The units will vest on March 4, 2027, March 4, 2028, and March 4, 2029, aligning the award with a multi-year time-based vesting structure.

How many SHLS shares does Jeffery Tolnar own after this Form 4 transaction?

After the RSU grant, President Jeffery Tolnar directly owns 305,636 shares of Shoals Technologies Group Class A common stock. This total reflects his updated direct ownership position as reported in the Form 4 insider transaction filing.

Are Jeffery Tolnar’s new SHLS restricted stock units immediately paid in cash or stock?

The reported securities are restricted stock units, each representing a right to receive one share of Class A common stock. They are not immediate cash payments; settlement in stock occurs as the RSUs vest on the specified future vesting dates.

Was the SHLS President’s RSU award an open-market purchase or a grant?

The transaction was reported with code “A,” indicating a grant, award, or other acquisition rather than an open-market purchase. The 56,075 RSUs were granted at a reported price of $0.00 per share as equity-based compensation.