| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SHLS | Class A Common Stock | Sale | -$3.84M | -182K | -22.24% | $21.16 | 635K | Mar 14, 2023 | See footnote | F1, F2, F3 |
| transaction | SHLS | Class A Common Stock | Award | $0 | +53.1K | +11.89% | $0.00 | 500K | Mar 15, 2023 | Direct | F4 |
Jason R. Whitaker is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Represents shares of the Class A common stock sold to satisfy tax obligations resulting from the previously reported conversion of common units of Shoals Parent LLC (together with an equal number of shares of the Issuer's Class B common stock) into shares of Class A common stock. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.94 through $21.60, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth. |
| F3 | These shares of Class A common stock are beneficially owned by JRW Strategic Holdings, LLC, for which the Reporting Person is the sole manager. The filing of this Form 4 shall not be construed as an admission that the Reporting Person is the beneficial owner of any or all of the reported securities for purposes of Section 16 or for any other purpose. |
| F4 | Represents exempt acquisition of shares of Class A common stock upon the accelerated vesting of a prorated portion of outstanding performance stock units, in connection with the Reporting Person's termination of employment due to disability on March 15, 2023. |
Former Chief Executive Officer and Director