Cynthia M. Durrett - Aug 3, 2023 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SOI)

Signature
/s/ Cynthia M. Durrett
Stock symbol
SOI
Transactions as of
Aug 3, 2023
Transactions value $
-$81,565
Form type
4
Date filed
8/4/2023, 03:00 PM
Previous filing
Mar 3, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOI Class A Common Stock Sale -$81.6K -7.42K -6.26% $11.00 111K Aug 3, 2023 Direct F1
holding SOI Class B Common Stock 165K Aug 3, 2023 Direct 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 165K Aug 3, 2023 Class A Common Stock 165K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 84,023 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 the holder to one vote on all matters to be voted on by the 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.