Form 4: Select Water Solutions CEO Sells $3.47M in Shares

Select Water Solutions CEO John Schmitz executed pre-planned sales of Class A Common Stock totaling approximately $3.47 million across multiple transactions.

Summary

• John Schmitz, President & CEO and Director of Select Water Solutions, Inc. (WTTR), reported sales of Class A Common Stock.
• Transactions occurred on November 10, 11, and 12, 2025.
• A total of 313,867 shares were sold, comprising 278,779 shares from the Family Trust and 35,088 shares from Family Trusts for Children (6 trusts, 5,848 shares each).
• The sales were executed at weighted average prices ranging from $11.04 to $11.10 per share.
• The total value of shares sold is approximately $3,473,377.26.
• These transactions were made pursuant to a Rule 10b5-1(c) plan, indicating they were pre-scheduled.
• Following these transactions, Schmitz's beneficial ownership includes 544,444 shares held directly and 3,368,885 shares held indirectly through various trusts and entities.

Sentiment

Score: 3

Explanation: The CEO of Select Water Solutions, John Schmitz, sold a significant amount of company stock. While these sales were conducted under a pre-arranged 10b5-1 plan, which suggests they are not based on new, non-public information, large insider sales can still be interpreted by the market as a reduction in confidence or a move to diversify personal wealth, potentially leading to negative investor sentiment.

Positives

• The transactions were executed under a Rule 10b5-1(c) plan, indicating pre-scheduled sales rather than reactive selling based on new, non-public information.

Negatives

• Significant insider selling by the President & CEO could be perceived negatively by investors, potentially signaling a reduction in personal exposure to the company's stock.

Risks

• Investor sentiment could be negatively impacted by the perception of insider selling, potentially leading to downward pressure on the stock price.
• While executed under a 10b5-1 plan, large sales by key executives can still raise questions among investors about future growth prospects or valuation.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: May interpret the significant insider selling as a negative signal, potentially impacting stock price and investor confidence.
• Regulatory Authorities: The filing ensures transparency regarding insider transactions, fulfilling SEC requirements.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the reported ranges upon request to Select Water Solutions, Inc., any security holder, or the SEC staff.

Key Dates

Recommendation

While the CEO's sale of over $3.47 million in company stock is a notable event, it was executed under a pre-arranged Rule 10b5-1 plan. This suggests the sales were scheduled in advance for personal financial planning purposes rather than being a reaction to new, negative information about the company. Therefore, while it's not a positive signal, it doesn't necessarily indicate a lack of confidence in the company's future. Investors should monitor future insider activity and company performance, but this specific filing alone does not warrant a 'sell' recommendation. A 'hold' stance is appropriate, acknowledging the sale while recognizing its pre-planned nature.

Keywords

Select Water Solutions, WTTR, John Schmitz, Insider Trading, Stock Sale, CEO, Form 4, SEC Filing, 10b5-1 Plan, Beneficial Ownership, Equity Sales