TOLNAR JEFFERY 4

What Happened
Jeffery Tolnar, President of Shoals Technologies Group, had 8,630 shares of common stock withheld on 2026-06-01 to satisfy income tax obligations related to the vesting of restricted stock units. The withholding was recorded at $12.18 per share, totaling $105,113. This was a tax-withholding transaction (code F), not an open-market sale by the insider.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02 (appears timely).
• Withheld shares: 8,630 at $12.18 per share; total value reported $105,113.
• Transaction code: F (tax withholding to satisfy income tax liability upon RSU vesting).
• Shares owned after the transaction: Not disclosed in the provided filing.
• Footnote highlights:
  • F1: Shares were withheld by the issuer to cover the reporting person's income tax obligations and do not represent a sale by the reporting person.
  • F2: Per the 2021 Long-Term Incentive Plan, the company's closing Nasdaq price on the vesting date is used for tax reporting/withholding calculations.

Context
This is a routine tax-withholding event tied to RSU vesting, not an indication of a deliberate sale of shares by the insider. Such withholdings are common and do not necessarily signal insider sentiment about the company.