James R. Burke - Aug 28, 2023 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SOI)

Role
Director
Signature
/s/ Cynthia M. Durrett, as attorney-in-fact for James R. Burke
Stock symbol
SOI
Transactions as of
Aug 28, 2023
Transactions value $
-$116,742
Form type
4
Date filed
8/30/2023, 04:00 PM
Previous filing
Aug 25, 2023
Next filing
Aug 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOI Class A Common Stock Sale -$117K -11.2K -48.55% $10.39 11.9K Aug 28, 2023 Direct F1, F2
holding SOI Class B Common Stock 42.7K Aug 28, 2023 Direct F3

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 42.7K Aug 28, 2023 Class A Common Stock 42.7K Direct F4
* 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 $10.31 to $10.57, 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 purchased at each separate price within the range set forth in this footnote to the Form 4.
F2 Includes 11,905 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 its holder to one vote on all matters to be voted on by stockholders generally.
F4 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.