Form 4: Aris Water Director Sells Shares Post-Merger

Aris Water Solutions director Debra Coy reported the disposition of 47,983 Class A Common Stock shares following the merger with Western Midstream Partners.

Summary

• Debra Coy, a Director of Aris Water Solutions, Inc. (ARIS), reported a change in beneficial ownership.
• The transaction occurred on October 15, 2025, and involved the disposition of 47,983 shares of Class A Common Stock.
• This disposition was a result of the merger agreement entered into on August 6, 2025, between Aris Water Solutions, Inc. and Western Midstream Partners, LP.
• Following the reported transaction, Debra Coy beneficially owns 0 shares of Class A Common Stock.
• The 47,983 shares included 5,901 shares of Issuer Class A Common Stock subject to time-vesting restricted stock units (RSU Awards).
• At the effective time of the merger, each share of Issuer Class A Common Stock held by the Reporting Person was converted into the right to receive one of several forms of consideration based on an election.
• 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.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of an insider transaction resulting from a merger, providing neutral information without explicit positive or negative sentiment regarding company performance or outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance, as it is a report of a completed insider transaction.

Industry Context

This transaction reflects the completion of a merger in the water solutions and midstream energy sector, indicating potential consolidation or strategic realignment within the industry. Such mergers can lead to changes in ownership structure and insider holdings as companies integrate.

Stakeholder Impact

• Shareholders of Aris Water Solutions, Inc. received consideration (cash, Parent Common Units, or a combination) for their Class A Common Stock as a result of the merger.
• The reporting person, a director, no longer holds direct beneficial ownership in Aris Water Solutions, Inc. Class A Common Stock following the merger.

Key Dates

Keywords

Aris Water Solutions, ARIS, Western Midstream Partners, merger, Form 4, insider transaction, director, equity, common stock, RSU, beneficial ownership