Cynthia M. Durrett - Mar 1, 2022 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SOI)

Role
CHIEF ADMINISTRATIVE OFFICER, Director
Signature
/s/ Cynthia M. Durrett
Stock symbol
SOI
Transactions as of
Mar 1, 2022
Transactions value $
-$75,494
Form type
4
Date filed
3/2/2022, 04:50 PM
Next filing
May 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOI Class A Common Stock Award $0 +47.7K +80.3% $0.00 107K Mar 1, 2022 Direct F1
transaction SOI Class A Common Stock Tax liability -$75.5K -7.26K -6.78% $10.40 99.9K Mar 1, 2022 Direct F2, F3
holding SOI Class B Common Stock 165K Mar 1, 2022 Direct 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 165K Mar 1, 2022 Class A Common Stock 165K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award pursuant to the Solaris Oilfield Infrastructure, Inc. Long Term Incentive Plan. The award vests in three equal annual installments on the first three anniversaries of the grant date.
F2 Represents shares withheld by the Company to satisfy tax withholding obligations upon the vesting of previously granted Restricted Stock Awards.
F3 Includes 77,321 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.
F4 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.
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.