Hart James Ryan 4

What Happened

• Hart James Ryan, Chief People Officer of Shoals Technologies Group (SHLS), had 6,479 shares of common stock withheld by the issuer to satisfy income tax obligations related to the vesting of restricted stock units. The withholding was recorded at $12.18 per share, totaling approximately $78,914.
• This transaction is a tax-withholding (code F) tied to RSU vesting and is not a market sale by the reporting person.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02.
• Price used for withholding: $12.18 per share; Total value withheld: ~$78,914.
• Shares withheld/disposed: 6,479 shares (tax withholding). Per footnote, this represents shares retained by the issuer to cover taxes, not a sale by the insider.
• Footnote specifics: F1 clarifies the shares were withheld to satisfy income tax obligations and do not represent a sale by the reporting person. F2 notes the issuer used the Nasdaq closing price on the vesting date to compute tax reporting/withholding.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing shows report period 2026-06-01 and was filed 2026-06-02 (no late filing indicated).

Context

• Tax-withholding transactions (F) are routine when RSUs vest and generally do not signal a change in the insider’s market view; they reflect payroll tax obligations rather than an active decision to sell shares.