BlackRock reports 13.2% stake in Shoals

BlackRock, Inc. reports beneficial ownership of 22,139,183 shares of Shoals Technologies Group, Inc. Class A stock, representing 13.2% of the class.

Rhea-AI Filing Summary

BlackRock, Inc. reports beneficial ownership of 22,139,183 shares of Shoals Technologies Group, Inc. Class A stock, representing 13.2% of the class. Of these, BlackRock has sole voting power over 21,850,061 shares and sole dispositive power over 22,139,183 shares, with no shared voting or dispositive power reported.

The shares are held across certain BlackRock business units, and various underlying clients have rights to dividends and sale proceeds, but no single underlying holder has more than 5% of Shoals’ outstanding common shares.

Key Figures

Beneficial ownership: 22,139,183 shares Ownership percentage: 13.2% Sole voting power: 21,850,061 shares +3 more

6 metrics

Beneficial ownership 22,139,183 shares Shoals Technologies Group Class A stock beneficially owned by BlackRock

Ownership percentage 13.2% Percent of Shoals Technologies Group Class A stock class owned by BlackRock

Sole voting power 21,850,061 shares Shares for which BlackRock has sole power to vote or direct the vote

Sole dispositive power 22,139,183 shares Shares for which BlackRock has sole power to dispose or direct disposition

Shared voting power 0 shares Shares with shared power to vote or direct the vote

Shared dispositive power 0 shares Shares with shared power to dispose or direct disposition

Key Terms

beneficially owned, sole voting power, sole dispositive power, percent of class, +1 more

5 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole Voting Power 21,850,061.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole Dispositive Power 22,139,183.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"Percent of class: 13.2 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

parent holding company financial

"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Shoals Technologies Group (SHLS) shares does BlackRock report owning?

BlackRock reports beneficial ownership of 22,139,183 shares of Shoals Technologies Group Class A stock. This stake is spread across certain BlackRock business units and reflects securities they beneficially own or are deemed to beneficially own.

What percentage of Shoals Technologies Group (SHLS) does BlackRock own?

BlackRock reports owning 13.2% of Shoals Technologies Group’s Class A stock. This percentage is based on the total outstanding shares and represents the aggregate beneficial ownership by specified BlackRock business units.

What voting power does BlackRock have in Shoals Technologies Group (SHLS)?

BlackRock has sole voting power over 21,850,061 Shoals shares and no shared voting power. This means BlackRock alone can vote or direct the vote for those shares in shareholder matters.

What dispositive power does BlackRock report over Shoals (SHLS) shares?

BlackRock reports sole dispositive power over 22,139,183 Shoals shares and no shared dispositive power. Sole dispositive power means BlackRock can decide if and when to sell or otherwise dispose of these shares.

Do any BlackRock clients individually own over 5% of Shoals Technologies Group (SHLS)?

No individual underlying holder through BlackRock has more than 5% of Shoals’ outstanding common shares. Various persons have rights to dividends or sale proceeds, but none exceeds this 5% threshold.

Who signed the Shoals Technologies Group (SHLS) ownership report for BlackRock?

The report was signed by Spencer Fleming, Managing Director at BlackRock. The signature confirms the accuracy of the disclosed ownership and authority details on behalf of BlackRock.

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

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Available on EDGAR 07/30/2026 - 11:19 AM Accepted by SEC EDGAR 07/30/2026 - 11:18 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 11)

Shoals Technologies Group, Inc.

(Name of Issuer)

Class A Stock

(Title of Class of Securities)

82489W107

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 82489W107

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 21,850,061.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 22,139,183.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

22,139,183.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.2 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Shoals Technologies Group, Inc.
(b)	Address of issuer's principal executive offices: 1500 SHOALS WAY PORTLAND TN 37148
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Class A Stock
(e)	CUSIP No.: 82489W107
Item 4.	Ownership
(a)	Amount beneficially owned: 22139183
(b)	Percent of class: 13.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 21850061
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 22139183
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Shoals Technologies Group, Inc.. No one person's interest in the common stock of Shoals Technologies Group, Inc. is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/30/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7