William A. Zartler - 07 Dec 2021 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SEI)

Role
CHAIRMAN AND CEO, Director, 10%+ Owner
Signature
/s/ Cynthia M. Durrett, as attorney-in-fact for William A. Zartler
Issuer symbol
SEI
Transactions as of
07 Dec 2021
Net transactions value
+$66,400
Form type
4
Filing time
08 Dec 2021, 15:50:43 UTC
Previous filing
23 Nov 2021
Next filing
17 Dec 2021
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 Purchase $66,400 +10,000 +3% $6.64 343,661 07 Dec 2021 Direct F1, F2
holding SOI Class B Common Stock 726,819 07 Dec 2021 Direct F3
holding SOI Class B Common Stock 3,513,496 07 Dec 2021 See Footnote F3, 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 726,819 07 Dec 2021 Class A Common Stock 726,819 Direct F5
holding SOI Solaris Oilfield Infrastructure, LLC Units 3,513,496 07 Dec 2021 Class A Common Stock 3,513,496 See Footnote F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.60 to $6.65, inclusive. The reporting person undertakes to provide Solaris Oilfield Infrastructure, Inc., any security holder of Solaris Oilfield Infrastructure, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4.
F2 Includes 171,711 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.
F3 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.
F4 Represents shares held by Solaris Energy Capital. The Reporting Person is the sole member of Solaris Energy Capital and has the authority to vote or dispose of the shares held by Solaris Energy Capital in his sole discretion. The Reporting Person disclaims beneficial ownership of the shares held by Solaris Energy Capital in excess of his pecuniary interest therein.
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.