Solon Holdco III, LLC 4

Accession 0001209191-22-059827

CIK 0001831651other

Filed

Dec 4, 7:00 PM ET

Accepted

Dec 5, 6:13 PM ET

Size

27.9 KB

Accession

0001209191-22-059827

Form 4

Period: 2022-12-01

Director10% Owner

Transactions

Conversion
Class A Common Stock
2022-12-01+17,495,332→ 23,435,332 total(indirect: See Footnote)
Gift
Class A Common Stock
2022-01-26+62,500→ 126,438 total
Conversion
Class B Common Stock
2022-12-01−17,495,332→ 32,076,897 total(indirect: See Footnote)
Conversion
Class B Common Stock
2022-12-01−500,730→ 0 total
Conversion
Class A Common Stock
2022-12-01+500,730→ 627,168 total
Conversion
Common Units
2022-12-01−500,730→ 0 total
→ Class A Common Stock (500,730 underlying)
Conversion
Common Units
2022-12-02−3,900,000→ 28,176,897 total(indirect: See Footnote)
→ Class A Common Stock (3,900,000 underlying)
Conversion
Class B Common Stock
2022-12-02−3,900,000→ 28,176,897 total(indirect: See Footnote)
Conversion
Class A Common Stock
2022-12-02+3,900,000→ 27,335,332 total(indirect: See Footnote)
Conversion
Common Units
2022-12-01−17,495,332→ 32,076,897 total(indirect: See Footnote)
→ Class A Common Stock (17,495,332 underlying)

10% Owner

Transactions

Conversion
Common Units
2022-12-01−17,495,332→ 32,076,897 total(indirect: See Footnote)
→ Class A Common Stock (17,495,332 underlying)
Conversion
Class A Common Stock
2022-12-02+3,900,000→ 27,335,332 total(indirect: See Footnote)
Conversion
Common Units
2022-12-02−3,900,000→ 28,176,897 total(indirect: See Footnote)
→ Class A Common Stock (3,900,000 underlying)
Conversion
Class B Common Stock
2022-12-01−500,730→ 0 total
Conversion
Class B Common Stock
2022-12-01−17,495,332→ 32,076,897 total(indirect: See Footnote)
Conversion
Common Units
2022-12-01−500,730→ 0 total
→ Class A Common Stock (500,730 underlying)
Conversion
Class B Common Stock
2022-12-02−3,900,000→ 28,176,897 total(indirect: See Footnote)
Gift
Class A Common Stock
2022-01-26+62,500→ 126,438 total
Conversion
Class A Common Stock
2022-12-01+500,730→ 627,168 total
Conversion
Class A Common Stock
2022-12-01+17,495,332→ 23,435,332 total(indirect: See Footnote)

10% Owner

Transactions

Conversion
Class B Common Stock
2022-12-01−500,730→ 0 total
Gift
Class A Common Stock
2022-01-26+62,500→ 126,438 total
Conversion
Class B Common Stock
2022-12-01−17,495,332→ 32,076,897 total(indirect: See Footnote)
Conversion
Class A Common Stock
2022-12-01+500,730→ 627,168 total
Conversion
Class B Common Stock
2022-12-02−3,900,000→ 28,176,897 total(indirect: See Footnote)
Conversion
Class A Common Stock
2022-12-02+3,900,000→ 27,335,332 total(indirect: See Footnote)
Conversion
Common Units
2022-12-01−17,495,332→ 32,076,897 total(indirect: See Footnote)
→ Class A Common Stock (17,495,332 underlying)
Conversion
Class A Common Stock
2022-12-01+17,495,332→ 23,435,332 total(indirect: See Footnote)
Conversion
Common Units
2022-12-02−3,900,000→ 28,176,897 total(indirect: See Footnote)
→ Class A Common Stock (3,900,000 underlying)
Conversion
Common Units
2022-12-01−500,730→ 0 total
→ Class A Common Stock (500,730 underlying)

10% Owner

Transactions

Gift
Class A Common Stock
2022-01-26+62,500→ 126,438 total
Conversion
Class B Common Stock
2022-12-01−500,730→ 0 total
Conversion
Class B Common Stock
2022-12-01−17,495,332→ 32,076,897 total(indirect: See Footnote)
Conversion
Class A Common Stock
2022-12-01+17,495,332→ 23,435,332 total(indirect: See Footnote)
Conversion
Class B Common Stock
2022-12-02−3,900,000→ 28,176,897 total(indirect: See Footnote)
Conversion
Class A Common Stock
2022-12-01+500,730→ 627,168 total
Conversion
Common Units
2022-12-01−17,495,332→ 32,076,897 total(indirect: See Footnote)
→ Class A Common Stock (17,495,332 underlying)
Conversion
Common Units
2022-12-01−500,730→ 0 total
→ Class A Common Stock (500,730 underlying)
Conversion
Class A Common Stock
2022-12-02+3,900,000→ 27,335,332 total(indirect: See Footnote)
Conversion
Common Units
2022-12-02−3,900,000→ 28,176,897 total(indirect: See Footnote)
→ Class A Common Stock (3,900,000 underlying)

Footnotes (3)

[F1]In connection with a previously announced underwritten public offering by the Issuer, the Reporting Persons (as defined below) converted common units ("Common Units") of Shoals Parent LLC ("Parent") (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.
[F2]Pursuant to the Third Amended and Restated Limited Liability Company Agreement of Parent, Dean Solon, Solon Holdco I, LLC ("Holdco I") and Solon Holdco II, LLC ("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 (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.
[F3]This Form 4 is being filed jointly by (each, a "Reporting Person" and, collectively, the "Reporting Persons") (i) Dean Solon, (ii) Holdco I; (iii) Holdco II and (iv) Solon Holdco III, LLC.

Documents

1 file

Shoals Technologies Group, Inc.

CIK 0001831651

Entity typeother

IncorporatedDE