Form 4: Solaris Energy Infrastructure Director James R. Burke Sells 8,000 Shares
SEC Form 4 Filing
Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure (SEI) Class A Common Stock at an average price of $16.72 on November 7, 2024.
Summary
- On November 7, 2024, James R. Burke, a director of Solaris Energy Infrastructure, Inc. (SEI), sold 8,000 shares of Class A Common Stock.
- The shares were sold at a weighted average price of $16.72, with individual transactions ranging from $16.60 to $16.82 per share.
- Following the transaction, Burke directly owns 16,277 shares of Class A Common Stock, which includes 12,372 shares subject to vesting restrictions.
- Burke also directly owns 42,734 shares of Class B Common Stock.
- Additionally, Burke holds 42,734 units in Solaris Oilfield Infrastructure, LLC, which are exchangeable for Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing indicates insider trading activity, which is a normal part of the stock market. Monitoring such filings can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The stock sale by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the director's reasons for selling.
Key Dates
| Date | Description |
|---|---|
| May 11, 2017 | Date of the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, LLC. |
| May 17, 2017 | Date the Issuer's Current Report on Form 8-K was filed, including the agreement of Solaris Oilfield Infrastructure, LLC as Exhibit 10.1. |
| November 7, 2024 | Date of the stock sale transaction. |
| November 12, 2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.