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

Signature
/s/ Adrian Milton, as Attorney-in-Fact
Stock symbol
ARIS
Transactions as of
Dec 16, 2022
Transactions value $
-$417,876
Form type
4
Date filed
12/19/2022, 04:06 PM
Previous filing
Oct 25, 2022
Next filing
Mar 2, 2023

Transactions Table

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 1.55M Dec 16, 2022 Class A Common Stock 1.55M 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 Solaris Energy Capital, LLC ("Solaris Energy Capital"), a company controlled by the Reporting Person. Solaris Investment is expected to be wound up and dissolved following the foregoing distribution. The Reporting Person is the sole member of Solaris Energy Capital and has the authority to vote or dispose of the shares held through Solaris Energy Capital in his sole discretion.
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