Peetz Mehgan 4
4 · Shoals Technologies Group, Inc. · Filed Feb 2, 2021
Insider Transaction Report
Form 4
Peetz Mehgan
General Counsel
Transactions
- Award
Class A Common Stock, par value $0.00001 per share
2021-01-29+60,000→ 60,000 total - Tax Payment
Class A Common Stock, par value $0.00001 per share
2021-01-29$33.93/sh−4,059$137,722→ 55,941 total
Footnotes (2)
- [F1]Represents 60,000 restricted stock units ("RSUs") granted to the Reporting Person in connection with the initial public offering of Shoals Technologies Group, Inc. (the "Issuer"). Of 60,000, 16,000 vested immediately upon grant. On each anniversary of the grant date, 25% of the remaining RSUs will vest subject to the Reporting Person's continued employment through each applicable vesting date. RSUs will be settled by delivery of an equal number of shares of the Issuer's Class A Common Stock, par value $0.00001 per share.
- [F2]Represents 4,059 RSUs that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with vesting of 16,000 RSUs and does not represent a sale by the Reporting Person.