Kyle S. Ramachandran - May 19, 2022 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SOI)

Role
PRESIDENT AND CFO
Signature
/s/ Cynthia M. Durrett, as attorney-in-fact for Kyle S. Ramachandran
Stock symbol
SOI
Transactions as of
May 19, 2022
Transactions value $
-$260,000
Form type
4
Date filed
5/23/2022, 05:00 PM
Previous filing
Mar 2, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOI Class A Common Stock Sale -$260K -20K -8.73% $13.00 209K May 19, 2022 Direct F1
holding SOI Class B Common Stock 490K May 19, 2022 Direct F2
holding SOI Class B Common Stock 57.2K May 19, 2022 401(k) Plan F2

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 490K May 19, 2022 Class A Common Stock 490K Direct F3
holding SOI Solaris Oilfield Infrastructure, LLC Units 57.2K May 19, 2022 Class A Common Stock 57.2K 401(k) Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 156,260 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.
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 Subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed May 17, 2017, the units in Solaris LLC (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.