Form 4: Aris Water Director Converts Shares in Western Midstream Merger

Aris Water Solutions Director Jacinto J. Hernandez disposed of 36,325 Class A Common Stock shares, including RSUs, as part of the merger with Western Midstream Partners, LP, receiving cash and/or Parent Common Units.

Summary

• Director Jacinto J. Hernandez of Aris Water Solutions, Inc. reported a disposition of 36,325 shares of Class A Common Stock.
• This transaction occurred on October 15, 2025, as a result of the merger agreement with Western Midstream Partners, LP, which was entered into on August 6, 2025.
• Following the transaction, the reporting person beneficially owns 0 shares of Aris Water Solutions Class A Common Stock.
• Shareholders had options to receive $7.00 in cash and 0.450 Parent Common Units, or $25.00 in cash, or 0.625 Parent Common Units per share.
• 5,901 shares subject to time-vesting restricted stock units (RSU Awards) were converted into cash at $25.00 per share, plus any accrued but unpaid cash-based dividend equivalents.

Sentiment

Score: 7

Explanation: The filing reports the successful completion of a merger, providing clear consideration options for shareholders and converting director's equity into cash and/or units. This indicates a positive resolution of a significant corporate event.

Positives

• The merger provided liquidity or units in Western Midstream Partners, LP for Aris Water Solutions shareholders.
• Restricted Stock Units (RSUs) held by the director were converted into cash at a value of $25.00 per share, plus accrued dividend equivalents.
• The transaction represents the successful completion of a strategic corporate action.

Negatives

• The director no longer holds direct beneficial ownership of Aris Water Solutions Class A Common Stock, as the company has merged.

Future Outlook

This filing reports a completed transaction resulting from a merger and does not provide forward-looking statements or guidance.

Industry Context

This transaction reflects a consolidation event within the water solutions and midstream energy sector, where companies like Aris Water Solutions are integrated into larger entities such as Western Midstream Partners, LP. Such mergers are common strategies for achieving scale, operational efficiencies, and market expansion.

Stakeholder Impact

• Shareholders of Aris Water Solutions, Inc. received consideration (cash and/or units) for their shares as a result of the merger.
• Employees holding RSU awards, such as the reporting person, received cash for their vested units.

Key Dates

Keywords

Aris Water Solutions, ARIS, Western Midstream Partners, WES, merger, acquisition, Form 4, insider transaction, director, common stock, restricted stock units, RSU, beneficial ownership, corporate action