Yorktown Energy Partners XI, L.P.'s Form 4 filing
Aris Water Solutions, Inc. · filed Mar 19, 2025
- Accession no.
- 0001140361-25-009501
- Filed
- Mar 19, 2025, 7:08 PM ET
- Trade date
- Mar 17, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $27.7M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Yorktown Energy Partners XI, L.P.CIK 0001667954 | 10% Owner |
| Yorktown XI Associates LLCCIK 0001687163 | 10% Owner |
| Yorktown XI Co LPCIK 0001698089 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 17, 2025 | Class A Common Stock | CConversionAcquired | +1,000,000 | $0.00F1 | $0 | 1,000,000 | Indirect | Duplicate filing |
| Mar 17, 2025 | Class A Common Stock | SSaleDisposed | −1,000,000 | $27.70 | −$27,700,000 | 0 | Indirect | Duplicate filing |
| Mar 17, 2025 | Class B Common Stock | JOtherDisposed | −1,000,000 | $0.00F1,F5 | $0 | 9,304,608 | Indirect | Duplicate filing |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 17, 2025 | Class A Common Stock | CConversionDisposed | −9,304,608 | $0.00F5 | $0 | 9,304,608 | Indirect | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On March 17, 2025, Yorktown Energy Partners XI, L.P. ("Yorktown XI") requested that 1,000,000 shares of Class B common stock of the Issuer ("Class B common stock") and 1,000,000 units of Solaris Midstream Holdings, LLC ("Solaris LLC") be redeemed, and Solaris LLC elected to redeem such securities for an aggregate of 1,000,000 shares of Class A common stock of the Issuer.
Referenced by the price of 2 transactions in Table I.
- F5
Subject to certain limitations and exceptions described in the Fourth Amended and Restated Limited Liability Company Agreement of Solaris LLC, the units of Solaris LLC are redeemable from time to time for shares of Class A common stock (on a one-for-one basis, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions), with a corresponding number of shares of Class B common stock cancelled for no consideration.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.