Shoals Technologies (NASDAQ: SHLS) CFO covers RSU taxes with shares

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. Chief Financial Officer Dominic Bardos reported a tax-related share disposition tied to vesting of restricted stock units. The company withheld 30,204 shares of Class A common stock to satisfy his income tax obligations, using a price of $12.18 per share for tax reporting under the 2021 Long-Term Incentive Plan.

According to the disclosure, this withholding “does not represent a sale” by Bardos. After this transaction, he directly holds 364,775 shares of Shoals Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bardos Dominic

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	30,204	$12.18	$368K

Holdings After Transaction: Class A Common Stock — 364,775 shares (Direct, null)

Footnotes (1)

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. 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

Shares withheld for taxes: 30,204 shares Withholding price: $12.18 per share Shares owned after transaction: 364,775 shares

3 metrics

Shares withheld for taxes 30,204 shares Tax withholding on RSU vesting

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

Shares owned after transaction 364,775 shares Direct Class A common stock holdings after withholding

Key Terms

restricted stock units, income tax obligations, tax-withholding disposition, 2021 Long-Term Incentive Plan, +1 more

5 terms

restricted stock units financial

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

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.

income tax obligations financial

"withheld by the Issuer to satisfy the income tax obligations of the Reporting Person"

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.

2021 Long-Term Incentive Plan financial

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

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Bardos Dominic

(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 Financial 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		30,204(1)	D	$12.18(2)	364,775	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 Dominic Bardos	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)

FAQ

What insider transaction did Shoals Technologies (SHLS) report for CFO Dominic Bardos?

Shoals Technologies reported that CFO Dominic Bardos had 30,204 shares of Class A common stock withheld to cover income taxes on vested restricted stock units. The company states this withholding is for tax obligations and does not represent an open-market sale by Bardos.

How many Shoals Technologies (SHLS) shares were withheld for Dominic Bardos’ taxes?

A total of 30,204 Class A common shares were withheld to satisfy CFO Dominic Bardos’ income tax obligations upon vesting of restricted stock units. The withholding price used for tax purposes was $12.18 per share, based on the Nasdaq Global Market closing price.

Did Shoals Technologies’ CFO actually sell shares in this Form 4 filing?

The filing specifies that the 30,204 shares were withheld by the company to cover Dominic Bardos’ tax obligations and explicitly notes this “does not represent a sale” by him. It is a tax-withholding disposition tied to restricted stock unit vesting, not an open-market transaction.

What is Dominic Bardos’ Shoals Technologies (SHLS) shareholding after this tax withholding?

Following the tax-withholding transaction, Dominic Bardos directly owns 364,775 shares of Shoals Technologies Group Class A common stock. This figure reflects his remaining direct holdings after 30,204 shares were withheld to satisfy income tax obligations on vested restricted stock units.

How was the tax withholding price determined for Shoals Technologies (SHLS) CFO’s shares?

Under the Shoals Technologies Group 2021 Long-Term Incentive Plan, the Nasdaq Global Market closing price on the vesting date is used for tax reporting and withholding. For this transaction, that price was $12.18 per share, applied to the 30,204 withheld shares.