William A. Zartler - Mar 1, 2024 Form 4 Insider Report for Aris Water Solutions, Inc. (ARIS)

Role: Founder and Executive Chairman, Director
Signature: /s/ Robert W. Hunt, Jr., as Attorney-in-Fact
Stock symbol: ARIS
Transactions as of: Mar 1, 2024
Transactions value $: -$254,357
Form type: 4
Date filed: 3/5/2024, 06:57 PM
Previous filing: Dec 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARIS	Class A Common Stock	Tax liability	-$254K	-21.1K	-4.77%	$12.04	421K	Mar 1, 2024	Direct	F1
transaction	ARIS	Class A Common Stock	Award	$0	+122K	+28.95%	$0.00	544K	Mar 1, 2024	Direct	F2
holding	ARIS	Class B Common Stock						488K	Mar 1, 2024	Direct	F3
holding	ARIS	Class B Common Stock						1.06M	Mar 1, 2024	See Footnote	F3, F5

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	ARIS	Solaris Midstream Holdings, LLC Units						488K	Mar 1, 2024	Class A Common Stock	488K		Direct	F4
holding	ARIS	Solaris Midstream Holdings, LLC Units						1.06M	Mar 1, 2024	Class A Common Stock	1.06M		See Footnote	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Surrender of shares on March 1, 2024 in payment of tax withholding due as a result of the settlement of vested restricted stock units.
F2	Represents 122,034 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, 2025, (ii) one-third on March 1, 2026, and (iii) one-third on March 1, 2027
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 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).
F5	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.

Remarks:

Ex. 24.1 - Power of Attorney