Kyle S. Ramachandran - 01 Mar 2023 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SEI)

Role
President and CFO
Signature
/s/ Cynthia M. Durrett, as attorney-in-fact for Kyle S. Ramachandran
Issuer symbol
SEI
Transactions as of
01 Mar 2023
Net transactions value
-$156,480
Form type
4
Filing time
03 Mar 2023, 17:28:11 UTC
Previous filing
25 May 2022
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOI Class A Common Stock Award $0 +72,435 +37% $0.000000 266,447 01 Mar 2023 Direct F1
transaction SOI Class A Common Stock Tax liability $156,480 -17,523 -6.6% $8.93 248,924 01 Mar 2023 Direct F2, F3
holding SOI Class B Common Stock 489,511 01 Mar 2023 Direct F4
holding SOI Class B Common Stock 57,166 01 Mar 2023 401(k) Plan F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SOI Solaris Oilfield Infrastructure, LLC Units 489,511 01 Mar 2023 Class A Common Stock 489,511 Direct F5
holding SOI Solaris Oilfield Infrastructure, LLC Units 57,166 01 Mar 2023 Class A Common Stock 57,166 401(k) Plan F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award pursuant to the Solaris Oilfield Infrastructure, Inc. Long Term Incentive Plan. The award vests in three equal annual installments on the first three anniversaries of the grant date.
F2 Represents shares withheld by the Company to satisfy tax withholding obligations upon the vesting of previously granted Restricted Stock Awards.
F3 Includes 156,740 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.
F4 Each share of Class B common stock has no economic rights but entitles the holder to one vote on all matters to be voted on by the stockholders generally.
F5 Subject to the terms of the Solaris LLC Agreement, the Solaris LLC Units (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for shares of Class A common stock of the Issuer.