TOLNAR JEFFERY 4

What Happened

• Jeffery Tolnar, President of Shoals Technologies Group, had 23,206 shares of common stock withheld by the company on 2026-03-04 to satisfy his income tax obligations related to the vesting of restricted stock units (RSUs). The reported per-share withholding price was $6.14, yielding a value of approximately $142,485.
• This transaction is a tax-withholding event (code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-03-04; Filing date: 2026-03-06 (timely Form 4 filing).
• Shares withheld: 23,206 at $6.14 per share; total value reported: $142,485.
• Share ownership after transaction: not specified in the provided filing details.
• Footnotes: F1 clarifies the shares were withheld by the issuer to satisfy income tax on vested RSUs and do not represent a sale by the reporting person. F2 notes the company used the Nasdaq closing price on the vesting date to compute tax reporting/withholding.
• Transaction code: F = tax withholding for vested awards.

Context

• This is a standard cashless tax-withholding action tied to RSU vesting and should not be read as a discretionary sale of shares. Such withholdings are routine and occur when companies retain a portion of vested shares to cover the employee’s tax liability.