Key facts
- This page summarizes Jason R. Whitaker's Form 4 filing for Shoals Technologies Group, Inc. (SHLS).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 13 Mar 2023, 17:07.
Jason R. Whitaker - 10 Mar 2023 Form 4 Insider Report for Shoals Technologies Group, Inc. (SHLS)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- SHLS
- Reported as of
- 10 Mar 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 13 Mar 2023, 17:07:59 UTC
- Prior SEC filing
- 06 Mar 2023
- Next SEC filing
- 16 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mehgan Peetz, as Attorney in Fact for Jason R. Whitaker
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jason R. Whitaker filed Form 4 for Shoals Technologies Group, Inc. (SHLS) on 13 Mar 2023.
Change
- Previous filing in this sequence was filed on 06 Mar 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SHLS
transaction
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -816,178
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 10 Mar 2023
- Ownership
- See footnote
- Footnotes
- F1, F2, F4
SHLS
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +816,178
- Change %
- Price
- Shares after
- 816,178
- Date
- 10 Mar 2023
- Ownership
- See footnote
- Footnotes
- F1, F2, F3, F4
SHLS
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 446,924
- Date
- 10 Mar 2023
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SHLS
transaction
Derivative
Common Units
Conversion of derivative security
- Transaction value
- Shares
- -816,178
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 10 Mar 2023
- Ownership
- See footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 816,178
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Pursuant to the Third Amended and Restated Limited Liability Company Agreement (as amended) of Shoals Parent LLC ("Parent"), common units of Parent are redeemable (together with an equal number of shares of the Issuer's Class B common stock which are forfeited for no consideration) for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of the Issuer's Class A common stock on a one-for-one basis or a cash payment equal to a volume-weighted average market price of one share of Class A common stock for each common unit so redeemed.
Footnote F2
The reported common units (and shares of Class B common stock) were converted into an equal number of shares of Class A common stock by Shoals Management Holdings LLC ("Holdings") (the "Conversion"), and immediately distributed pro rata to its members for no consideration (the "Distribution"). Holdings is controlled by its sole manager, Parent. Mr. Whitaker is the Chief Executive Officer of Parent and serves on the board of directors of Parent. As such, Mr. Whitaker may be deemed to have beneficial ownership of equity securities held directly by Holdings.
Footnote F3
The reported securities, which represent the Reporting Person's pro rata portion of, and pecuniary interest in, the shares of Class A common stock received by Holdings in the Conversion, were received in the Distribution by JRW Strategic Holdings, LLC, for which the Reporting Person is the sole manager.
Footnote F4
The filing of this Form 4 shall not be construed as an admission that the Reporting Person is the beneficial owner of any or all of the reported securities for purposes of Section 16 or for any other purpose.