Form 4: Select Water Solutions CEO Sells Shares in Multiple Transactions

Select Water Solutions CEO, John Schmitz, sold a total of 300,000 shares of Class A Common Stock in multiple transactions on November 8th and 11th, 2024.

Summary

• John Schmitz, the President and CEO of Select Water Solutions, Inc., sold 75,000 shares of Class A Common Stock on November 8, 2024, at a weighted average price of $13.93 per share.
• He then sold an additional 225,000 shares of Class A Common Stock on November 11, 2024, at a weighted average price of $13.70 per share.
• These transactions were executed in multiple trades within price ranges of $13.83 to $14.025 on November 8th and $13.59 to $13.86 on November 11th.
• Following these sales, Mr. Schmitz directly owns 1,459,469 shares of Class A Common Stock.
• He also indirectly owns 2,925,128 shares through B-29 Investments, LP, which includes 2,825,444 shares previously held by B-29 Holdings, LP.

Sentiment

Score: 4

Explanation: The document reflects insider selling, which can be viewed negatively by the market, but it is a routine disclosure and not necessarily indicative of poor company performance.

Negatives

• The CEO's sale of 300,000 shares could be interpreted negatively by the market.

Risks

• Large sales by company insiders can sometimes lead to a decrease in investor confidence.
• The market may react negatively to the CEO's decision to sell a significant number of shares.

Industry Context

Insider trading activity is a common occurrence in the stock market, and this filing is a routine disclosure of such activity by a company executive.

Comparison to Industry Standards

• Insider sales are a normal part of executive compensation and portfolio management.
• The volume of shares sold is not unusual for a CEO of a company of this size.
• It is common for executives to sell shares for personal financial planning reasons.

Stakeholder Impact

• Shareholders may react to the CEO's stock sales, potentially impacting the stock price.
• The sales could affect investor sentiment towards the company.

Key Dates

Keywords

insider trading, stock sale, John Schmitz, Select Water Solutions, WTTR, Class A Common Stock, B-29 Investments