4//SEC Filing
Garton Philip A 4
Accession 0000899243-21-047672
CIK 0001831651other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 9:39 PM ET
Size
9.9 KB
Accession
0000899243-21-047672
Insider Transaction Report
Form 4
Garton Philip A
Chief Financial Officer
Transactions
- Conversion
Class B Common Stock
2021-12-07−210,000→ 639,707 total(indirect: See footnote) - Conversion
Class A Common Stock
2021-12-07+210,000→ 222,244 total - Conversion
Common Units
2021-12-07−210,000→ 639,707 total(indirect: See footnote)→ Class A Common Stock (210,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Third Amended and Restated Limited Liability Company Agreement of Shoals Parent LLC ("Parent"), the Reporting Person, who holds the reported securities indirectly through Parent, may, subject to certain exceptions, from time to time at his option, require Parent to redeem all or a portion of her Parent common units ("Common Units") (together with an equal number of shares of the Issuer's Class B Common Stock which are forfeited for no consideration) in exchange for, at the Issuer's election (determined solely by a majority of the Issuer's directors who are disinterested), newly issued shares of the Issuer's Class A Common Stock on a one-for-one basis or a cash payment equal to a volume-weighted average market price of one share of Class A Common Stock for each Common Unit so redeemed.
- [F2]In connection with the expiration of the post-IPO related lockup, the Reporting Persons converted 210,000 Common Units (together with a corresponding number of shares of the Issuer's Class B Common Stock) into an equivalent number of shares of the Issuer's Class A Common Stock.
Documents
Issuer
Shoals Technologies Group, Inc.
CIK 0001831651
Entity typeother
Related Parties
1- filerCIK 0001831817
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 9:39 PM ET
- Size
- 9.9 KB