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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,754 shares
Net Sell
4 txns
Insider
King Bobbie Lee Jr
Role
Chief Legal Officer
Sold
10,000 shs ($104K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | 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 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 6,377 | $10.30 | $66K |
Holdings After Transaction:
Class A Common Stock — 97,918 shares (Direct)
Footnotes (4)
- 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.
- 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.
- F3. 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.
- F4. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.