Form 4: Select Water Solutions CFO Nick Swyka Sells 9,009 Shares
SEC Form 4
Nick Swyka, CFO & Senior VP of Select Water Solutions, Inc., sold 9,009 shares of Class A Common Stock at an average price of $8.5527 on February 28, 2024.
Summary
- On February 28, 2024, Nick L. Swyka, the CFO & Senior VP of Select Water Solutions, Inc. (WTTR), sold 9,009 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $8.5527 per share, with individual trades ranging from $8.55 to $8.59.
- Following the transaction, Swyka directly owns 272,140 shares of Select Water Solutions, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An insider sold shares, which could be for various personal reasons and doesn't necessarily indicate a negative outlook on the company.
Industry Context
Insider sales are a common occurrence and can be for various reasons, including diversification or personal financial planning. It's important to consider the context of the sale, such as the overall trading activity of the insider and the company's performance.
Stakeholder Impact
- The sale of shares by a company executive could cause short-term uncertainty among shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Nick Swyka sold 9,009 shares of Select Water Solutions stock. |
| 02/29/2024 | Date of Form 4 filing. |
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