Shoals Technologies (SHLS) CLO sells shares and donates stock

Rhea-AI Filing Summary

Shoals Technologies Group, Inc. Chief Legal Officer Bobbie Lee King Jr reported several stock moves involving the company’s Class A common stock. On June 16, he sold 10,000 shares in an open-market transaction at a weighted average price of $10.41 per share, with individual trades ranging from $10.34 to $10.47.

That same day, he made a bona fide gift of 1,000 shares to a charitable organization. In separate transactions on June 15 and 16, a total of 12,754 shares were withheld by the company to cover income taxes due upon the vesting of restricted stock units, which the footnotes clarify are not sales by the insider. After these transactions, he directly holds 97,918 shares of Shoals Technologies Group, Inc. common stock.

Insider Trade Summary

Net Seller: 10,000 shares ($104,100)

Net Sell 4 txns

Insider King Bobbie Lee Jr

Role Chief Legal Officer

Sold 10,000 shs ($104K)

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	6,377	$9.96	$64K
Sale	Class A Common Stock	10,000	$10.41	$104K
Gift	Class A Common Stock	1,000	$0.00	--
Tax Withholding	Class A Common Stock	6,377	$10.30	$66K

Holdings After Transaction: Class A Common Stock — 108,918 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. The price listed is a weighted average price. The shares reported herein were sold in multiple transactions at prices ranging from $10.34 to $10.47, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Reflects the gift of common stock to a charitable organization.

Key Figures

Open-market sale: 10,000 shares at $10.41 Charitable gift: 1,000 shares Tax withholding 1: 6,377 shares at $10.30 +2 more

5 metrics

Open-market sale 10,000 shares at $10.41 Weighted average sale price on June 16

Charitable gift 1,000 shares Bona fide gift of common stock

Tax withholding 1 6,377 shares at $10.30 Shares withheld for RSU taxes on June 15

Tax withholding 2 6,377 shares at $9.96 Shares withheld for RSU taxes on June 16

Shares held after transactions 97,918 shares Direct ownership after reported Form 4 trades

Key Terms

restricted stock units, bona fide gift, weighted average price, tax-withholding disposition, +1 more

5 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.

bona fide gift financial

"transaction_code_description": "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

weighted average price financial

"The price listed is a weighted average price. The shares reported herein were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

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.

long-term incentive plan financial

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

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

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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^*

King Bobbie Lee Jr

(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 Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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	06/15/2026		F		6,377(1)	D	$10.3(2)	115,295	D
Class A Common Stock	06/16/2026		F		6,377(1)	D	$9.96(2)	108,918	D
Class A Common Stock	06/16/2026		S		10,000	D	$10.41(3)	98,918	D
Class A Common Stock	06/16/2026		G(4)		1,000	D	$0	97,918	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.

3. The price listed is a weighted average price. The shares reported herein were sold in multiple transactions at prices ranging from $10.34 to $10.47, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. Reflects the gift of common stock to a charitable organization.

Remarks:

	/s/ Bobbie Lee King, Jr.	06/16/2026
	** 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 transactions did SHLS Chief Legal Officer Bobbie Lee King Jr report?

He reported an open-market sale of 10,000 Class A common shares, a bona fide gift of 1,000 shares to a charitable organization, and tax-related share withholdings tied to restricted stock unit vesting, all occurring on June 15 and 16.

At what price did the SHLS insider sell shares in this Form 4 filing?

The 10,000 shares of Shoals Technologies Group Class A common stock were sold at a weighted average price of $10.41 per share, with individual trades executed between $10.34 and $10.47, according to the detailed price range disclosed in the footnotes.

How many SHLS shares were withheld for taxes in the reported transactions?

A total of 12,754 shares were withheld by Shoals Technologies Group to satisfy income tax obligations arising from restricted stock unit vesting. These tax-withholding transactions are specifically described as not representing sales by the reporting person in the footnotes.

Did the SHLS insider’s Form 4 include any charitable gifts of stock?

Yes. The filing notes a bona fide gift of 1,000 shares of Shoals Technologies Group common stock to a charitable organization. This transaction is coded as a gift and distinguished from sales or tax-withholding dispositions in the transaction details and footnotes.

How many SHLS shares does Bobbie Lee King Jr hold after these transactions?

Following the reported sale, gift, and tax-withholding dispositions, Bobbie Lee King Jr directly owns 97,918 shares of Shoals Technologies Group Class A common stock. This post-transaction holding figure is taken from the share balances listed in the Form 4 entries.

Are the SHLS tax-withholding transactions considered insider share sales?

No. The Form 4 footnotes state the shares were withheld by Shoals Technologies Group to satisfy income tax obligations related to restricted stock unit vesting. They explicitly clarify these withholdings do not represent sales by the reporting person in the market.