Form 4: Aris Water CLO Disposes Shares Post-Merger

Aris Water Solutions' Chief Legal Officer, Robert W. Hunt Jr., disposed of his Class A Common Stock and restricted stock units following the merger with Western Midstream Partners, LP.

Summary

• Robert W. Hunt Jr., Chief Legal Officer and Secretary of Aris Water Solutions, Inc. (ARIS), reported the disposal of securities.
• The transaction occurred on October 15, 2025, as a result of the merger agreement dated August 6, 2025, between Aris Water Solutions, Inc. and Western Midstream Partners, LP.
• Hunt disposed of 113,329 shares of Class A Common Stock, which included 95,285 shares subject to time-vesting restricted stock units (RSU Awards).
• He also disposed of 15,518 performance-based restricted stock units (PSU Awards).
• For Class A Common Stock, the consideration options included: (i) $7.00 in cash and 0.450 Parent Common Units, (ii) $25.00 in cash, or (iii) 0.625 Parent Common Units.
• Issuer RSU Awards were converted into cash equal to the number of shares multiplied by $25.00, plus accrued unpaid cash-based dividend equivalents.
• Issuer PSU Awards were converted into cash equal to the number of shares (assuming performance at target or actual, whichever is greater) multiplied by $25.00, plus accrued unpaid dividend equivalents.

Sentiment

Score: 7

Explanation: The sentiment is positive for the reporting person as the merger has completed, and their equity holdings have been converted into cash and/or units of the acquiring entity, realizing value.

Positives

• The completion of the merger provides a definitive value realization for Aris Water Solutions shareholders, including the reporting person.
• The reporting person received cash and/or common units in Western Midstream Partners, LP, for his equity holdings in Aris Water Solutions.

Negatives

• The reporting person no longer holds direct beneficial ownership in Aris Water Solutions, Inc. Class A Common Stock or derivative securities.

Industry Context

This filing reflects the finalization of a significant merger and acquisition event within the energy services sector, specifically involving a water solutions provider (Aris Water Solutions) and a midstream energy company (Western Midstream Partners). Such transactions often indicate strategic consolidation or diversification efforts within the broader energy industry.

Stakeholder Impact

• Shareholders of Aris Water Solutions, Inc. received consideration (cash and/or Parent Common Units) for their shares as part of the merger.
• The reporting person, as a key executive, has converted their equity compensation and holdings into merger consideration.

Key Dates

Keywords

Aris Water Solutions, ARIS, Western Midstream Partners, Merger, Insider Transaction, Form 4, Restricted Stock Units, Performance Stock Units, Equity Disposal