FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Solon Dean
2. Issuer Name and Ticker or Trading Symbol

Shoals Technologies Group, Inc. [ SHLS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

1400 SHOALS WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

12/1/2022
(Street)

PORTLAND, TN 37148
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 1/26/2022  G  V 62500 A$0.00 126438 D  
Class B Common Stock 12/1/2022  C  500730 (1)D (2)0 D  
Class A Common Stock 12/1/2022  C  500730 (1)A (2)627168 D  
Class B Common Stock 12/1/2022  C  17495332 (1)D (2)32076897 I See Footnote (3)
Class A Common Stock 12/1/2022  C  17495332 (1)A (2)23435332 I See Footnote (3)
Class B Common Stock 12/2/2022  C  3900000 (1)D (2)28176897 I See Footnote (3)
Class A Common Stock 12/2/2022  C  3900000 (1)A (2)27335332 I See Footnote (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Units  (2)12/1/2022  C     500730 (1)  (2) (2)Class A Common Stock 500730 (1) (2)0 D  
Common Units  (2)12/1/2022  C     17495332 (1)  (2) (2)Class A Common Stock 17495332 (1) (2)32076897 I See Footnote (3)
Common Units  (2)12/2/2022  C     3900000 (1)  (2) (2)Class A Common Stock 3900000 (1) (2)28176897 I See Footnote (3)

Explanation of Responses:
(1) In connection with a previously announced underwritten public offering by the Issuer, the Reporting Persons (as defined below) converted common units ("Common Units") of Shoals Parent LLC ("Parent") (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.
(2) Pursuant to the Third Amended and Restated Limited Liability Company Agreement of Parent, Dean Solon, Solon Holdco I, LLC ("Holdco I") and Solon Holdco II, LLC ("Holdco II") may, subject to certain exceptions, from time to time at each of their options, require Parent to redeem all or a portion of their Parent 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.
(3) This Form 4 is being filed jointly by (each, a "Reporting Person" and, collectively, the "Reporting Persons") (i) Dean Solon, (ii) Holdco I; (iii) Holdco II and (iv) Solon Holdco III, LLC.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Solon Dean
1400 SHOALS WAY
PORTLAND, TN 37148

X

Solon Holdco I, LLC
1400 SHOALS WAY
PORTLAND, TN 37148

X

Solon Holdco II, LLC
1400 SHOALS WAY
PORTLAND, TN 37148

X

Solon Holdco III, LLC
1400 SHOALS WAY
PORTLAND, TN 37148

X


Signatures
/s/ Dean Solon12/5/2022
**Signature of Reporting PersonDate

/s/ Dean Solon, President of Solon Holdco I, LLC12/5/2022
**Signature of Reporting PersonDate

/s/ Dean Solon, President of Solon Holdco II, LLC12/5/2022
**Signature of Reporting PersonDate

/s/ Dean Solon, Sole Member of Solon Holdco III, LLC12/5/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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