Jeffery Tolnar - 18 Feb 2025 Form 4 Insider Report for Shoals Technologies Group, Inc. (SHLS)

Role: President
Signature: /s/ Chris Johnson, as Attorney-in-Fact for Jeffery Tolnar
Issuer symbol: SHLS
Transactions as of: 18 Feb 2025
Net transactions value: -$22,236
Form type: 4
Filing time: 20 Feb 2025, 18:20:32 UTC
Previous filing: 06 Dec 2024
Next filing: 24 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHLS	Class A Common Stock	Award	$0	+12,206	+9.8%	$0.000000	136,657	18 Feb 2025	Direct	F1
transaction	SHLS	Class A Common Stock	Tax liability	$22,236	-5,450	-4%	$4.08	131,207	18 Feb 2025	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents vesting of performance-based share units (PSUs) earned pursuant to the terms of an award of PSUs granted to the reporting person on April 18, 2022, following certification by the Compensation Committee of the Board of Directors on February 18, 2025 of achievement against performance criteria established under the award. Each PSU entitles the reporting person to receive one share of the Issuer's common stock.
F2	This transaction represents the number of shares withheld to satisfy tax withholding liabilities upon the vesting of performance-based share units.

Content

Represents vesting of performance-based share units (PSUs) earned pursuant to the terms of an award of PSUs granted to the reporting person on April 18, 2022, following certification by the Compensation Committee of the Board of Directors on February 18, 2025 of achievement against performance criteria established under the award. Each PSU entitles the reporting person to receive one share of the Issuer's common stock.

This transaction represents the number of shares withheld to satisfy tax withholding liabilities upon the vesting of performance-based share units.