King Bobbie Lee Jr., serving as the Chief Legal Officer at Shoals Technologies Group, Inc. (NASDAQ: SHLS), has disclosed a series of recent transactions involving the company’s Class A Common Stock. These disclosures come at a time when SHLS shares are trading at $9.96, reflecting an 89% return over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels, with the company maintaining a market capitalization of $1.73 billion.
On June 16, 2026, Mr. King disposed of 10,000 shares of Class A Common Stock in a sale totaling $104,100. The shares were sold at a weighted average price of $10.41 per share, with individual sales occurring within a price range of $10.34 to $10.47.
Additionally, Mr. King disposed of a total of 12,754 shares of Class A Common Stock, valued at $129,198, through two separate transactions on June 15 and June 16, 2026. These dispositions, occurring at prices between $9.96 and $10.30 per share, represent shares withheld by Shoals Technologies Group to satisfy income tax obligations related to the vesting of restricted stock units. These transactions do not represent a sale by Mr. King.
On June 16, 2026, Mr. King also disposed of 1,000 shares of Class A Common Stock as a gift to a charitable organization. These shares were valued at $0 for the purpose of this transaction.
Following these reported activities, King Bobbie Lee Jr. holds 97,918 shares of Shoals Technologies Group Class A Common Stock directly.
In other recent news, Shoals Technologies Group reported its financial results for the first quarter of 2026, surpassing both earnings and revenue expectations. The company achieved earnings per share of $0.07, exceeding the anticipated $0.06, and recorded revenue of $140.6 million, outperforming the forecasted $128.31 million. This strong performance highlights the company’s robust growth in the early part of the year.
Additionally, Shoals Technologies opened a new manufacturing facility in Portland, Tennessee. The $30 million investment consolidates three existing facilities into one, expanding production capacity for electrical infrastructure solutions. The company plans to invest up to $80 million in the facility over five years. These developments reflect Shoals Technologies’ ongoing commitment to growth and expansion.