W. Howard Keenan JR - Mar 17, 2025 Form 4 Insider Report for Aris Water Solutions, Inc. (ARIS)

Role: Director
Signature: /s/ W. Howard Keenan, Jr.
Stock symbol: ARIS
Transactions as of: Mar 17, 2025
Transactions value $: -$27,700,000
Form type: 4
Date filed: 3/19/2025, 07:11 PM
Previous filing: Mar 19, 2025
Next filing: Apr 14, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARIS	Class A Common Stock	Conversion of derivative security	$0	+1M		$0.00	1M	Mar 17, 2025	See Footnote	F1, F2, F3
transaction	ARIS	Class A Common Stock	Sale	-$27.7M	-1M	-100%	$27.70	0	Mar 17, 2025	See Footnote	F2, F3
transaction	ARIS	Class B Common Stock	Other	$0	-1M	-9.7%	$0.00	9.3M	Mar 17, 2025	See Footnote	F1, F2, F3, F4, F5
holding	ARIS	Class A Common Stock						30.1K	Mar 17, 2025	Direct

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
transaction	ARIS	Solaris Midstream Holdings, LLC Units	Conversion of derivative security	$0	-1M	-9.7%	$0.00	9.3M	Mar 17, 2025	Class A Common Stock	9.3M	$0.00	See Footnote	F1, F2, F3, F5

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

Explanation of Responses:

Id	Content
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.
F2	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.
F3	These securities are held directly by Yorktown XI, whose general partner is Yorktown XI Company LP ("Yorktown XI Company"), whose general partner is Yorktown XI Associates LLC ("Yorktown XI Associates"). The reporting person is a managing member of Yorktown XI Associates. The reporting person, Yorktown XI Company and Yorktown XI Associates are indirect beneficial owners of the reported securities.
F4	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.
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.