Filing Details

Accession Number:
0000899243-23-008760
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-16 18:12:09
Reporting Period:
2023-03-14
Accepted Time:
2023-03-16 18:12:09
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1831651 Shoals Technologies Group Inc. SHLS Semiconductors & Related Devices (3674) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1831778 R Jason Whitaker 1400 Shoals Way
Portland TN 37148
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2023-03-14 181,541 $21.16 634,637 No 4 S Indirect See footnote
Class A Common Stock Acquisiton 2023-03-15 53,144 $0.00 500,068 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnote
No 4 A Direct
Footnotes
  1. Represents shares of the Class A common stock sold to satisfy tax obligations resulting from the previously reported conversion of common units of Shoals Parent LLC (together with an equal number of shares of the Issuer's Class B common stock) into shares of Class A common stock.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.94 through $21.60, inclusive. The Reporting Person undertakes to provide 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 ranges set forth.
  3. These shares of Class A common stock are beneficially owned by JRW Strategic Holdings, LLC, for which the Reporting Person is the sole manager. 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.
  4. Represents exempt acquisition of shares of Class A common stock upon the accelerated vesting of a prorated portion of outstanding performance stock units, in connection with the Reporting Person's termination of employment due to disability on March 15, 2023.