David Capobianco - Sep 17, 2025 Form 3 Insider Report for WaterBridge Infrastructure LLC (WBI)

Signature
/s/ David Capobianco
Stock symbol
WBI
Transactions as of
Sep 17, 2025
Transactions value $
$0
Form type
3
Date filed
9/17/2025, 05:48 PM
Previous filing
May 28, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Capobianco David N Director, 10%+ Owner C/O WATERBRIDGE INFRASTRUCTURE LLC, 5555 SAN FELIPE STREET, SUITE 1200, HOUSTON /s/ David Capobianco 2025-09-17 0001298438

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WBI Class A Shares 3.41M Sep 17, 2025 See Footnotes F1, F2, F3, F4
holding WBI Class B Shares 58.7M Sep 17, 2025 See Footnotes F1, F2, 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 WBI OpCo Units Sep 17, 2025 Class A Shares 58.7M See Footnotes F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 3,411,735 Class A Shares and 11,063,925 Class B Shares held of record by WBR Holdings LLC ("WBR Holdings"), (ii) 41,425,200 Class B Shares held of record by NDB Holdings LLC ("NDB Holdings") and (iii) 6,193,800 Class B Shares held of record by Desert Environmental Holdings LLC ("Desert Holdings").
F2 WaterBridge Resources LLC is the managing member of WBR Holdings and is controlled by a board of managers consisting of four members. Funds controlled by Five Point Energy GP I LP ("GP I") indirectly beneficially own a majority of the capital interests in WaterBridge Resources LLC and have a right to appoint a majority of the members of the board of managers. Five Point Energy GP I LLC ("GP I LLC") is the sole general partner of GP I, and David N. Capobianco is the sole member of GP I LLC. As a result, each of WaterBridge Resources LLC, GP I, GP I LLC and Mr. Capobianco may be deemed to beneficially own the securities held by WBR Holdings. Each such entity and individual disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein, if any.
F3 WaterBridge NDB LLC is the managing member of NDB Holdings and is controlled by a board of managers consisting of four members. Funds controlled by Five Point Energy GP II LP ("GP II") and Five Point Energy GP III LP ("GP III") indirectly beneficially own a majority of the capital interests in NDB Holdings and have a right to appoint a majority of the members of the board of managers. Five Point Energy GP II LLC ("GP II LLC") is the sole general partner of GP II and Five Point Energy GP III LLC ("GP III LLC") is the sole general partner of GP III. David N. Capobianco is the sole member of each of GP II LLC and GP III LLC. As a result, each of GP II, GP III, GP II LLC, GP III LLC and Mr. Capobianco may be deemed to beneficially own the securities held by NDB Holdings. Each such entity and individual disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein, if any.
F4 Desert Holdings is controlled by a board of managers consisting of four members. Funds controlled by GP III indirectly beneficially own a majority of the capital interests in Desert Holdings and have a right to appoint a majority of the members of the board of managers of Desert Holdings. As a result, each of GP III, GP III LLC and Mr. Capobianco may be deemed to beneficially own the securities held by Desert Holdings. Each such entity and individual disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein, if any.
F5 Each OpCo Unit may be redeemed at the request of the holder for either Class A Shares on a one-to-one basis or for a cash payment, as determined by the OpCo LLC Agreement. Upon redemption of OpCo Units, an equal number of Class B Shares will be canceled. The OpCo Units do not expire.

Remarks:

Exhibit 24 - Power of Attorney.