Director at Shoals Technologies (SHLS) receives 22,671-share RSU award

Rhea-AI Filing Summary

Ramdev Niharika reported acquisition or exercise transactions in this Form 4 filing.

Shoals Technologies Group, Inc. director Ramdev Niharika received an equity award of 22,671 shares of Class A Common Stock, reported as restricted stock units (RSUs). After this grant, the director holds 96,011 shares directly.

The RSUs will vest on the date of the 2027 shareholder meeting and, under the director’s deferral election, the vested shares will be delivered six months after separation from service, making this a compensation-related, non‑market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ramdev Niharika

Role null

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

Holdings After Transaction: Class A Common Stock — 96,011 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 22,671 shares Post-transaction holdings: 96,011 shares Vesting event: 2027 shareholder meeting +2 more

5 metrics

RSU grant size 22,671 shares Restricted stock units awarded to director

Post-transaction holdings 96,011 shares Total Class A Common Stock directly owned after grant

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

Delivery timing Six months after separation Vested RSU shares delivered six months after separation from service

Grant price $0.00 per share Equity compensation, no cash paid for granted RSUs

Key Terms

restricted stock units ("RSUs"), shareholder meeting, deferral election, grant, award, or other acquisition

4 terms

restricted stock units ("RSUs") financial

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

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

shareholder meeting financial

"...granted as restricted stock units ("RSUs") that will vest on the date of the 2027 shareholder meeting..."

A shareholder meeting is a formal gathering where a company's owners—individuals and institutions who hold its stock—review performance, ask questions of management, and vote on important items such as leadership, executive pay, dividend policy, and major transactions. Like a town hall and ballot combined, it matters to investors because decisions made and votes cast there can change who runs the company and how profits are used, directly influencing the value and direction of your investment.

deferral election financial

"...and will be delivered six months following the insider's separation from service, pursuant to the insider's deferral election."

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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^*

Ramdev Niharika

(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	96,011	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 six months following the insider's separation from service, pursuant to the insider's deferral election.

Remarks:

	/s/ Bobbie King, as Attorney-in-Fact for Niharika Ramdev	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) disclose about director Ramdev Niharika’s equity grant?

Shoals Technologies Group reported that director Ramdev Niharika received an award of 22,671 RSUs tied to Class A Common Stock. These units are part of director compensation and increase the director’s direct holdings to 96,011 shares after the transaction.

How many Shoals Technologies Group (SHLS) shares did the director acquire in this Form 4?

The filing shows an award of 22,671 shares of Class A Common Stock through restricted stock units. This grant raised the director’s direct holdings to 96,011 shares following the transaction, according to the reported post‑transaction ownership figure.

When do the RSUs granted to the Shoals (SHLS) director vest and settle?

The RSUs vest on the date of the 2027 shareholder meeting. Under the director’s deferral election, the vested shares will be delivered six months after the director’s separation from service, delaying actual share delivery beyond the vesting date.

Is the Shoals Technologies Group (SHLS) Form 4 transaction an open-market purchase or a compensation grant?

The transaction is a compensation-related grant, not an open-market purchase. It is coded as an acquisition ("A") representing restricted stock units awarded to the director at $0.00 per share, consistent with equity compensation rather than a cash purchase.

What is the total direct ownership of the Shoals (SHLS) director after this RSU award?

After the RSU grant, the Form 4 reports the director directly owns 96,011 shares of Class A Common Stock. This figure includes the impact of the 22,671-share restricted stock unit award disclosed in the filing.