Form 4: Aris Water Director Disposes Shares in Merger

Aris Water Solutions Director Donald C. Templin disposed of 124,906 Class A Common Stock shares as part of a merger agreement with Western Midstream Partners, LP.

Summary

• Donald C. Templin, a Director of Aris Water Solutions, Inc. (ARIS), reported the disposition of 124,906 shares of Class A Common Stock.
• The transaction occurred on October 15, 2025, as a result of the merger agreement with Western Midstream Partners, LP ('Parent').
• Each share of Issuer Class A Common Stock held by the Reporting Person was converted into the right to receive one of three forms of consideration, based on an election: (i) $7.00 in cash and 0.450 Parent Common Units; (ii) $25.00 in cash; or (iii) 0.625 Parent Common Units (default option).
• The reported amount includes 5,901 shares of Issuer Class A Common Stock subject to time-vesting restricted stock units (RSU Awards).
• Each Issuer RSU Award was converted into the right to receive cash equal to the total number of shares subject to the RSU multiplied by $25.00, plus any accrued but unpaid cash-based dividend equivalents.
• Following the reported transaction, Donald C. Templin's direct beneficial ownership of Class A Common Stock is 0 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive for the reporting person as they are receiving consideration for their shares as part of a corporate merger, indicating a successful transaction for their holdings. For the company, it's a neutral event as it's a consequence of a pre-announced merger.

Positives

• The transaction represents a liquidity event for the reporting person, converting equity into cash and/or units of the acquiring entity.
• The merger provides a defined exit strategy and consideration for Aris Water Solutions shareholders, including directors.

Negatives

• The disposition of all Class A Common Stock by a director indicates the cessation of their direct equity interest in Aris Water Solutions, Inc. post-merger.

Future Outlook

The filing details the expected disposition of shares by a director upon the effective time of the merger between Aris Water Solutions, Inc. and Western Midstream Partners, LP, which is anticipated to be on or around October 15, 2025.

Industry Context

This transaction is a direct consequence of a corporate merger in the water solutions and midstream energy sectors, reflecting consolidation or strategic realignment within the industry. Such mergers often aim to achieve synergies, expand market reach, or optimize operational efficiencies.

Stakeholder Impact

• Shareholders of Aris Water Solutions, Inc. will receive consideration (cash and/or Western Midstream Partners, LP common units) for their shares as part of the merger.
• The reporting person, a director, will no longer hold direct equity in Aris Water Solutions, Inc. post-merger.

Next Steps

• Completion of the merger between Aris Water Solutions, Inc. and Western Midstream Partners, LP, expected around October 15, 2025.
• Issuance of cash and/or Parent Common Units to former Aris Water Solutions shareholders, including the reporting person, based on their election.

Key Dates

Keywords

Aris Water Solutions, ARIS, Western Midstream Partners, Merger, Insider Transaction, Form 4, Director, Equity Disposition, Restricted Stock Units, Common Units