Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ARIS | Class A Common Stock | Award | $0 | +113K | +31.15% | $0.00 | 477K | Mar 10, 2023 | Direct | F1 |
holding | ARIS | Class B Common Stock | 488K | Mar 10, 2023 | Direct | F2 | |||||
holding | ARIS | Class B Common Stock | 1.06M | Mar 10, 2023 | See Footnote | F2, F4 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | ARIS | Solaris Midstream Holdings, LLC Units | 488K | Mar 10, 2023 | Class A Common Stock | 488K | Direct | F3 | ||||||
holding | ARIS | Solaris Midstream Holdings, LLC Units | 1.06M | Mar 10, 2023 | Class A Common Stock | 1.06M | See Footnote | F3, F4 |
Id | Content |
---|---|
F1 | Represents 113,255 restricted stock units ("RSUs") granted under the Aris Water Solutions, Inc. 2021 Equity Incentive Plan. Each RSU represents the right to receive one share of the Issuer's Class A common stock. The RSUs will vest in the following installments: (i) one-third on March 1, 2024, (ii) one-third on March 1, 2025, and (iii) one-third on March 1, 2026. |
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 certain limitations and exceptions described in the Fourth Amended and Restated Limited Liability Company Agreement of Solaris Midstream Holdings, LLC, the units in Solaris Midstream Holdings, LLC (together with a corresponding number of shares of Class B common stock) are redeemable from time to time for shares of Class A common stock of the Issuer (on a one-for-one basis, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions). |
F4 | Represents securities held by Solaris Energy Capital, LLC ("Solaris Energy Capital"). The Reporting Person is the sole member of Solaris Energy Capital and has the authority to vote or dispose of the securities held through Solaris Energy Capital in his sole discretion. As a result, the Reporting Person may be deemed to beneficially own all of the securities owned by Solaris Energy Capital. The Reporting Person disclaims beneficial ownership of the shares held by Solaris Energy Capital in excess of his pecuniary interest therein. |