Shoals Technologies Group, Inc. — Director's Dealing 2021

Feb 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shoals Technologies Group, Inc. (SHLS)
CIK: 0001831651
Period of Report: 2021-01-29

Reporting Person: Peetz Mehgan (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-29	Class A Common Stock, par value $0.00001 per share	A	60000	$0.00	Acquired	60000	Direct
2021-01-29	Class A Common Stock, par value $0.00001 per share	F	4059	$33.93	Disposed	55941	Direct

Footnotes

F1: Represents 60,000 restricted stock units ("RSUs") granted to the Reporting Person in connection with the initial public offering of Shoals Technologies Group, Inc. (the "Issuer"). Of 60,000, 16,000 vested immediately upon grant. On each anniversary of the grant date, 25% of the remaining RSUs will vest subject to the Reporting Person's continued employment through each applicable vesting date. RSUs will be settled by delivery of an equal number of shares of the Issuer's Class A Common Stock, par value $0.00001 per share.

F2: Represents 4,059 RSUs that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with vesting of 16,000 RSUs and does not represent a sale by the Reporting Person.