[Form 4] Shoals Technologies Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. (SHLS) filed a Form 4 reporting an equity award to Chief Legal Officer Bobbie Lee King Jr. on 06/16/2025.

The grant consists of 93,634 restricted stock units (RSUs) representing Class A common shares acquired at $0. Following the award, King beneficially owns 93,634 shares, all held directly.

Vesting schedule:

• 56,180 RSUs vest in three roughly equal tranches on each of the first three anniversaries of June 15, 2025.
• 37,454 RSUs vest in two equal installments on the first two anniversaries of June 15, 2025.

The award is subject to continued employment through each vesting date.

No shares were sold or disposed of, and no derivative securities were exercised. The transaction is classified as Code “A” (grant/acquisition from the issuer) and was executed under direct ownership.

The filing signals routine executive compensation with minimal dilution (≈0.06% of a 150 million-share base) and does not indicate any change in corporate outlook or insider sentiment.

Insights

Securities Analyst

TL;DR: Routine RSU grant; negligible dilution; neutral impact.

The 93,634-share award aligns the Chief Legal Officer’s incentives with shareholders, but the amount is immaterial relative to Shoals’ outstanding shares and market capitalization. No shares were sold, so there is no negative insider signal. This filing therefore has no immediate valuation impact and should be viewed as standard compensation.

Corporate Governance Expert

TL;DR: Standard equity-based pay, consistent with best-practice governance.

The multi-year vesting structure encourages retention and long-term alignment. The absence of accelerated or performance-exempt tranches suggests typical governance safeguards. Investors should note the award but need not adjust risk assessments, as potential dilution is de minimis.

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^*

King Bobbie Lee Jr

(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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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	06/16/2025		A		93,634(1)	A	$0	93,634	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. Restricted stock units ("RSUs") representing a right to receive one share of the Issuer's Class A Common Stock. 56,180 RSUs will vest in three approximately equal installments on each of the first three anniversaries of June 15, 2025; and 37,454 RSUs will vest in two equal installments on each of the first two anniversaries of June 15, 2025; in each case subject to the Reporting Person's continued employment through each applicable vesting date.

Remarks:

	/s/ Chris Johnson, as Attorney-in-Fact for Bobbie Lee King, Jr.	06/18/2025
	** 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

How many Shoals Technologies (SHLS) shares did the insider acquire?

93,634 Class A common shares were granted via RSUs.

What was the transaction price for the SHLS RSU grant?

The RSUs were awarded at $0, reflecting a compensation grant rather than a market purchase.

When will the RSUs granted to Bobbie Lee King Jr. vest?

56,180 RSUs vest over three years and 37,454 RSUs vest over two years, starting June 15, 2025.

Did the insider sell any SHLS shares in this Form 4 filing?

No. The filing reports an acquisition only; there were no sales or disposals.

Is this Form 4 expected to materially dilute existing SHLS shareholders?

Dilution is immaterial; 93,634 shares represent roughly 0.06 % of a 150 million-share base.