Form 4: Delaware Energy LLC Sells 3,223,670 Shares of Aris Water Solutions, Inc. at $25.81 per Share

Delaware Energy LLC, along with related entities and individuals, reports the sale of 3,223,670 shares of Aris Water Solutions, Inc. Class A common stock to Gable S Corporation at $25.81 per share.

Summary

• Delaware Energy LLC sold 3,223,670 shares of Aris Water Solutions, Inc. Class A common stock on December 13, 2024.
• The sale price was $25.81 per share.
• The shares were acquired by Delaware Energy on August 1, 2022, in lieu of cash for assets.
• The purchaser of the shares is Gable S Corporation.
• This Form 4 constitutes an exit filing for all reporting persons.
• Shaesby Scott and Forest Dorn are the managers of Delaware Energy.
• Eddy Lea Associates LLC is the majority member of Delaware Energy, and Gable S Corporation is the majority member of Eddy Lea.
• Sherman A. Scott is the President and sole owner of Gable S Corporation.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the sale of shares.

Industry Context

This transaction reflects changes in the ownership structure of Aris Water Solutions, a company operating in the water management sector for the oil and gas industry. Such transactions are common as investors adjust their holdings based on market conditions and company performance.

Comparison to Industry Standards

• It's difficult to compare this specific transaction to industry standards without knowing the initial valuation of the assets exchanged for shares in 2022.
• However, sales of large blocks of shares by significant shareholders are relatively common in the market.
• Comparable transactions would involve similar-sized companies in the water management or oilfield services sectors, such as Select Water Solutions or Tetra Technologies, where major shareholders have adjusted their positions.

Stakeholder Impact

• The sale of a significant block of shares could potentially influence investor perception of Aris Water Solutions.
• However, the impact is likely to be minimal as the transaction represents a change in ownership rather than a fundamental shift in the company's operations or strategy.

Key Dates