Amanda M. Brock - Oct 24, 2022 Form 4 Insider Report for Aris Water Solutions, Inc. (ARIS)

Role: President and CEO, Director
Signature: /s/ Adrian Milton, as Attorney-in-Fact
Stock symbol: ARIS
Transactions as of: Oct 24, 2022
Transactions value $: -$412,721
Form type: 4
Date filed: 10/25/2022, 05:08 PM
Previous filing: Jul 21, 2022
Next filing: Dec 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARIS	Class A Common Stock	Tax liability	-$413K	-29.3K	-6.89%	$14.10	396K	Oct 24, 2022	Direct	F1
holding	ARIS	Class B Common Stock						407K	Oct 24, 2022	See Footnote	F2, F3

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	ARIS	Solaris Midstream Holdings, LLC Units						407K	Oct 24, 2022	Class A Common Stock	407K		See Footnote	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Surrender of shares on October 24, 2022 in payment of tax withholding due as a result of the settlement of vested restricted stock units.
F2	Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
F3	The beneficial ownership interests of the Reporting Person are represented by limited liability company interests in Solaris Midstream Investment, LLC ("Solaris Investment"), which has advised the Issuer that it intends to distribute all of the units in Solaris Midstream Holdings, LLC (the "Solaris LLC Units") and shares of the Issuer's Class B common stock it directly owns to its members, including the Reporting Person. Solaris Investment is expected to be wound up and dissolved following the foregoing distribution.
F4	Subject to certain limitations and exceptions described in the Fourth Amended and Restated Limited Liability Company Agreement of Solaris Midstream Holdings, LLC, the Solaris LLC Units (together with a corresponding number of shares of Class B common stock) are redeemable from time to time for shares of Class A common stock of the Issuer (on a one-for-one basis, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions).