Kyle S. Ramachandran - 24 May 2022 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SEI)

Role: PRESIDENT AND CFO
Signature: /s/ Cynthia M. Durrett, as attorney-in-fact for Kyle S. Ramachandran
Issuer symbol: SEI
Transactions as of: 24 May 2022
Net transactions value: -$195,000
Form type: 4
Filing time: 25 May 2022, 17:00:14 UTC
Previous filing: 23 May 2022
Next filing: 03 Mar 2023
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	Sale	$195,000	-15,000	-7.2%	$13.00	194,012	24 May 2022	Direct	F1
holding	SOI	Class B Common Stock						489,511	24 May 2022	Direct	F2
holding	SOI	Class B Common Stock						57,166	24 May 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						489,511	24 May 2022	Class A Common Stock	489,511		Direct	F3
holding	SOI	Solaris Oilfield Infrastructure, LLC Units						57,166	24 May 2022	Class A Common Stock	57,166		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.