4//SEC Filing
Solon Holdco III, LLC 4
Accession 0000899243-21-047671
CIK 0001831651other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 9:38 PM ET
Size
15.0 KB
Accession
0000899243-21-047671
Insider Transaction Report
Form 4
Solon Holdco I, GP
10% Owner
Transactions
- Conversion
Class B Common Stock
2021-12-07−6,000,000→ 50,072,959 total(indirect: See Footnote) - Conversion
Common Units
2021-12-07−6,000,000→ 50,072,959 total(indirect: See Footnote)→ Class A Common Stock (6,000,000 underlying) - Conversion
Class A Common Stock
2021-12-07+6,000,000→ 50,072,959 total(indirect: See Footnote)
Solon Holdco II, GP
10% Owner
Transactions
- Conversion
Class B Common Stock
2021-12-07−6,000,000→ 50,072,959 total(indirect: See Footnote) - Conversion
Common Units
2021-12-07−6,000,000→ 50,072,959 total(indirect: See Footnote)→ Class A Common Stock (6,000,000 underlying) - Conversion
Class A Common Stock
2021-12-07+6,000,000→ 50,072,959 total(indirect: See Footnote)
Solon Holdco III, LLC
10% Owner
Transactions
- Conversion
Class B Common Stock
2021-12-07−6,000,000→ 50,072,959 total(indirect: See Footnote) - Conversion
Class A Common Stock
2021-12-07+6,000,000→ 50,072,959 total(indirect: See Footnote) - Conversion
Common Units
2021-12-07−6,000,000→ 50,072,959 total(indirect: See Footnote)→ Class A Common Stock (6,000,000 underlying)
Solon Dean
Director10% Owner
Transactions
- Conversion
Class B Common Stock
2021-12-07−6,000,000→ 50,072,959 total(indirect: See Footnote) - Conversion
Class A Common Stock
2021-12-07+6,000,000→ 50,072,959 total(indirect: See Footnote) - Conversion
Common Units
2021-12-07−6,000,000→ 50,072,959 total(indirect: See Footnote)→ Class A Common Stock (6,000,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Third Amended and Restated Limited Liability Company Agreement of Shoals Parent LLC ("Parent"), Dean Solon, Holdco I and Holdco II may, subject to certain exceptions, from time to time at each of their options, require Parent to redeem all or a portion of their Parent common units ("Common Units") (together with an equal number of shares of the Issuer's Class B Common Stock which are forfeited for no consideration) in exchange 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.
- [F2]This Form 4 is being filed jointly by (each, a "Reporting Person" and, collectively, the "Reporting Persons") (i) Dean Solon, (ii) Solon Holdco I, GP ("Holdco I"); (iii) Solon Holdco II, GP ("Holdco II") and (iv) Solon Holdco III, LLC ("Holdco III").
- [F3]In connection with the expiration of the post-IPO related lockup, the Reporting Persons converted Common Units (together with a corresponding number of shares of the Issuer's Class B Common Stock) into an equivalent number of shares of the Issuer's Class A Common Stock.
Documents
Issuer
Shoals Technologies Group, Inc.
CIK 0001831651
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001839671
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 9:38 PM ET
- Size
- 15.0 KB