Solo Brands, Inc.

NOTE 20 –Equity

Class A Common Stock

The Company has 475,000,000 shares of Class A common stock, par value $0.001 per share, authorized. Holders of Class A common stock are entitled to one vote per share on all matters presented to the stockholders in general. In the event of liquidation, dissolution or winding up, each holder of Class A common stock will be entitled to a pro rata distribution of any assets available for distribution to common stockholders.

Class B Common Stock

For the year ended December 31, 2024 and through December 31, 2025, the Company had 50,000,000 shares of Class B common stock, par value $0.001 per share, authorized. As of October 28, 2025, the Class B common stock became eligible for conversion to Class A common stock. As a result, certain of the Class B common stock holders converted their shares into Class A common stock in the fourth quarter of 2025, reducing the percentage ownership of Holdings on a one-to-one basis. As Class B common stock holders converted to Class A common stock, the noncontrolling interest was reduced on pro-rata basis, with the reduction in the equity attributable to noncontrolling interests resulting in an increase to additional paid-in capital.

Shares of Class B common stock are only to be issued in the future to the extent necessary to maintain a one-to-one ratio between the number of LLC Interests held by the Continuing LLC Owners and the number of shares of Class B common stock issued to the Continuing LLC Owners. Shares of Class B common stock are transferable only together with an equal number of LLC Interests. Holders of Class B common stock are entitled to one vote per share on all matters presented to the stockholders generally. Holders of Class B common stock do not participate in any dividends declared by the Board of Directors and, in the event of liquidation, dissolution or winding up, are not entitled to receive any distribution of assets.