SHOALS TECHNOLOGIES GROUP IN

Ticker: SHLS CUSIP: 82489W107 Class: Common Stock

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 13,670 Value ($000) $116 Avg Close $8.98 Range $7.24 - $11.36

Q3 2025

Shares 11,366 Value ($000) $84 Avg Close $6.15 Range $4.18 - $8.20

Q2 2025

Shares 11,417 Value ($000) $49 Avg Close $4.35 Range $2.92 - $6.46

Q1 2025

Shares 19,548 Value ($000) $65 Avg Close $4.16 Range $2.71 - $6.40

Q4 2024

Shares 43,003 Value ($000) $238 Avg Close $5.08 Range $4.07 - $6.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	13,670	$116	$8.98	$7.24 - $11.36
Q3 2025	11,366	$84	$6.15	$4.18 - $8.20
Q2 2025	11,417	$49	$4.35	$2.92 - $6.46
Q1 2025	19,548	$65	$4.16	$2.71 - $6.40
Q4 2024	43,003	$238	$5.08	$4.07 - $6.17