X0306 4 2023-02-16 0000743238 SHYFT GROUP, INC. SHYF 0001615893 Adams Daryl M C/0 THE SHYFT GROUP 41280 BRIDGE STREET NOVI MI 48375 1 1 President and CEO Common Stock 2023-02-16 4 A 0 70145 0 A 502531 D Common Stock 2023-02-16 4 F 0 30676 31.70 D 471855 D Common Stock 2023-02-16 4 A 0 75424 0 A 547279 D Common Stock 2023-02-16 4 F 0 32885 31.70 D 514394 D Common Stock 413931 I By GRAT Shares of common stock granted in settlement of performance stock units granted March 30, 2020 under the 2016 Stock Incentive Plan, as amended and restated, based on the achievement of specified performance goals. Balance reflects 100,463 shares transferred from the Grantor for funding of a Grantor Retained Annuity Trust (GRAT) on September 16, 2022. This transfer is exempt from Section 16 pursuant to Rule 16a-13. /s/ Joshua A. Sherbin as Attorney In Fact for Daryl Adams 2023-02-21