Shoals Technologies (SHLS) CPO has 6,479 shares withheld for RSU taxes

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. Chief People Officer James Ryan Hart reported a tax-withholding disposition of 6,479 shares of Class A common stock at $12.18 per share. The shares were withheld to cover income tax obligations upon vesting of restricted stock units and are not an open-market sale. After this withholding, he holds 102,173 shares directly.

Insights

Equity compensation and governance analyst

Routine tax withholding on RSU vesting; no open-market trade.

The filing shows Chief People Officer James Ryan Hart had 6,479 shares of Class A common stock withheld at $12.18 per share to satisfy income tax obligations tied to restricted stock unit vesting. This is coded as an F transaction, a tax-withholding disposition.

Footnotes clarify the issuer withheld shares under the 2021 Long-Term Incentive Plan using the Nasdaq Global Market closing price on the vesting date, and that this event “does not represent a sale.” Following the withholding, Hart directly holds 102,173 shares, suggesting a continuing equity stake.

Insider Trade Summary

Net Seller: 6,479 shares

Net Sell 1 txn

Insider Hart James Ryan

Role Chief People Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	6,479	$12.18	$79K

Holdings After Transaction: Class A Common Stock — 102,173 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.

Key Figures

Tax-withheld shares: 6,479 shares Withholding price: $12.18 per share Post-transaction holdings: 102,173 shares +1 more

4 metrics

Tax-withheld shares 6,479 shares Shares withheld to satisfy income tax on RSU vesting

Withholding price $12.18 per share Nasdaq Global Market closing price on vesting date

Post-transaction holdings 102,173 shares Direct Class A common stock held after withholding

Transaction code F Payment of tax liability by delivering securities

Key Terms

restricted stock units, 2021 Long-Term Incentive Plan, tax-withholding disposition, Nasdaq Global Market

4 terms

restricted stock units financial

"in connection with the vesting of restricted stock units, and does not represent a sale"

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.

2021 Long-Term Incentive Plan financial

"Pursuant to the Shoals Technologies Group, Inc. 2021 Long-Term Incentive Plan, the closing price"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Nasdaq Global Market financial

"closing price of the common stock on the Nasdaq Global Market on the date of vesting"

The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/02/2026 - 04:06 PM Learn about SEC filing dates

FAQ

What insider transaction did Shoals Technologies Group (SHLS) report for James Ryan Hart?

Shoals Technologies Group reported that Chief People Officer James Ryan Hart had 6,479 shares of Class A common stock withheld to cover income tax obligations on vested restricted stock units, rather than selling shares in the open market.

Was the Shoals Technologies Group (SHLS) Form 4 transaction an insider sale?

The transaction was not an insider sale. Shares were withheld by Shoals Technologies Group to satisfy James Ryan Hart’s income tax obligations on vested restricted stock units, and the footnote explicitly states this does not represent a sale by the reporting person.

At what price were the SHLS shares withheld for James Ryan Hart’s tax obligations?

The 6,479 shares of Shoals Technologies Group Class A common stock were withheld at a price of $12.18 per share. The company used the Nasdaq Global Market closing price on the vesting date under its 2021 Long-Term Incentive Plan.

How many Shoals Technologies Group (SHLS) shares does James Ryan Hart hold after this Form 4 transaction?

After the tax-withholding disposition, Chief People Officer James Ryan Hart directly holds 102,173 shares of Shoals Technologies Group Class A common stock, reflecting his remaining equity position following the RSU-related withholding event.

What plan governed the restricted stock units in the Shoals Technologies Group (SHLS) Form 4?

The restricted stock units were granted under the Shoals Technologies Group, Inc. 2021 Long-Term Incentive Plan. Under this plan, the Nasdaq Global Market closing price on the vesting date is used to compute tax reporting and withholding amounts for vested equity awards.

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^*

Hart James Ryan

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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	06/01/2026		F		6,479(1)	D	$12.18(2)	102,173	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. 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 James Hart	06/02/2026
	** 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)