William A. Zartler - Dec 7, 2021 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SOI)

Role
CHAIRMAN AND CEO, Director, 10%+ Owner
Signature
/s/ Cynthia M. Durrett, as attorney-in-fact for William A. Zartler
Stock symbol
SOI
Transactions as of
Dec 7, 2021
Transactions value $
$66,400
Form type
4
Date filed
12/8/2021, 03:50 PM
Previous filing
Nov 23, 2021
Next filing
Dec 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOI Class A Common Stock Purchase $66.4K +10K +3% $6.64 344K Dec 7, 2021 Direct F1, F2
holding SOI Class B Common Stock 727K Dec 7, 2021 Direct F3
holding SOI Class B Common Stock 3.51M Dec 7, 2021 See Footnote F3, F4

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 727K Dec 7, 2021 Class A Common Stock 727K Direct F5
holding SOI Solaris Oilfield Infrastructure, LLC Units 3.51M Dec 7, 2021 Class A Common Stock 3.51M See Footnote F4, F5
* 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 $6.60 to $6.65, 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 sold at each separate price within the range set forth in this footnote to the Form 4.
F2 Includes 171,711 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 the holder to one vote on all matters to be voted on by the stockholders generally.
F4 Represents shares held by Solaris Energy Capital. The Reporting Person is the sole member of Solaris Energy Capital and has the authority to vote or dispose of the shares held by Solaris Energy Capital in his sole discretion. The Reporting Person disclaims beneficial ownership of the shares held by Solaris Energy Capital in excess of his pecuniary interest therein.
F5 Subject to the terms of the Solaris LLC Agreement, the Solaris LLC Units (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.