Form 4: Select Water Solutions CEO John Schmitz Reports Pro-Rata Distribution of Shares

John Schmitz, President & CEO of Select Water Solutions, reports a pro-rata distribution of shares from B-29 Investments, LP, impacting his beneficial ownership.

Summary

• On February 27, 2025, B-29 Investments, LP distributed 2,525,128 shares of Select Water Solutions common stock to its owners.
• This distribution included 2,293,343 shares to reporting persons in footnotes 5 through 11 and 231,785 shares as described in footnote 2.
• John Schmitz, as President & CEO, directly and indirectly holds shares through various trusts, including family trusts and annuity trusts.
• The reporting person's direct holdings include 472,408 Class A Common Stock.
• Indirect holdings are through B-29 Investments, LP (300,000 shares), GRATs (539,388 and 539,387 shares), B-29 GP, LLC (13,126 shares), Family Trust (2,025,327 shares), and various family trusts for children (42,481 or 42,482 shares each).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a distribution of shares, which doesn't inherently suggest positive or negative implications.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The pro-rata distribution of shares may have a minor impact on shareholders due to the change in ownership percentages.

Key Dates