Form 4: Select Water Solutions CEO John Schmitz Sells Shares Under 10b5-1 Trading Plan

John Schmitz, President and CEO of Select Water Solutions, sold 26,550 shares of Class A Common Stock at a weighted average price of $13.1559 on February 11, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• John Schmitz, the President and CEO of Select Water Solutions, sold 26,550 shares of Class A Common Stock on February 11, 2025.
• The sale was executed under a 10b5-1 trading plan adopted on November 11, 2024.
• The shares were sold at prices ranging from $13.00 to $13.18, with a weighted average sale price of $13.1559.
• Following the transaction, Schmitz directly owns 380,694 shares of Class A Common Stock.
• Schmitz also indirectly owns 2,898,578 shares through B-29 Investments, LP, 539,388 shares through a Grantor Retained Annuity Trust (GRAT), and 539,387 shares through another GRAT.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook on the company's future.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through 10b5-1 trading plans to avoid accusations of trading on material non-public information. The market typically views these sales in the context of the overall trading volume and the size of the sale relative to the insider's total holdings.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder confidence, depending on the market's interpretation of the transaction.

Key Dates

Keywords

Select Water Solutions, John Schmitz, stock sale, Form 4, 10b5-1 trading plan, insider trading, WTTR, Class A Common Stock, B-29 Investments LP, Grantor Retained Annuity Trust