Dustin A. Hatley - 16 Dec 2022 Form 4 Insider Report for Aris Water Solutions, Inc. (ARIS)

Role
Chief Accounting Officer
Signature
/s/ Adrian Milton, as Attorney-in-Fact
Issuer symbol
ARIS
Transactions as of
16 Dec 2022
Net transactions value
-$15,516
Form type
4
Filing time
19 Dec 2022, 16:04:01 UTC
Previous filing
25 Oct 2022
Next filing
02 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARIS Class A Common Stock Tax liability $15,516 -1,003 -2.5% $15.47 39,790 16 Dec 2022 Direct F1
holding ARIS Class B Common Stock 5,331 16 Dec 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 5,331 16 Dec 2022 Class A Common Stock 5,331 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 December 16, 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).

Remarks:

Exhibit 24.1 - Power of Attorney