Himanshu Shah - 12 Dec 2025 Form 4 Insider Report for Emeren Group Ltd (SOL)

Role: Director, 10%+ Owner
Signature: /s/ Himanshu Shah
Issuer symbol: SOL
Transactions as of: 12 Dec 2025
Net transactions value: -$817,974
Form type: 4
Filing time: 30 Dec 2025, 20:53:41 UTC
Previous filing: 02 Jan 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Shah Himanshu	Director, 10%+ Owner	149 WATER STREET, SUITE 302, NORWALK	/s/ Himanshu Shah	30 Dec 2025	0001738336

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOL	American Depositary Shares	Disposed to Issuer		-18,409,249	-100%		0	12 Dec 2025	By Shah Capital Opportunity Fund	F1, F2
transaction	SOL	American Depositary Shares	Disposed to Issuer	$705,234	-352,617	-100%	$2.00	0	12 Dec 2025	By Shah Capital Management	F1, F2, F3
transaction	SOL	American Depositary Shares	Disposed to Issuer	$112,740	-56,370	-100%	$2.00	0	12 Dec 2025	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	American Depositary Shares ("ADSs") each representing ten ordinary shares of the Issuer.
F2	Disposed of pursuant to a merger agreement between the Issuer, Shurya Vitra Ltd. ("Parent"), and Emeren Holdings Ltd, a wholly owned subsidiary of Parent ("Merger Sub") in exchange for a like number of shares of Parent.
F3	ADSs not rolled over into shares of Parent received gross consideration per ADS of $2.00, which was reduced by a $0.05 per ADS cancellation fee payable to the ADS depository pursuant to the terms of the deposit agreement.