Form 4: Solaris Oilfield Infrastructure Director Keenan W Howard JR Reports Changes in Beneficial Ownership

Director Keenan W Howard JR reports acquisition of Class A Common Stock and ownership of Class B Common Stock and Solaris Oilfield Infrastructure, LLC Units.

Summary

• On August 23, 2024, Keenan W Howard JR, a director of Solaris Oilfield Infrastructure, Inc., reported changes in beneficial ownership.
• He acquired 11,945 shares of Class A Common Stock through a Restricted Stock Award.
• Following the transaction, he directly owns 83,532 shares of Class A Common Stock, including those subject to vesting.
• He indirectly owns 8,054,234 shares of Class B Common Stock.
• He also indirectly owns 8,054,234 Solaris Oilfield Infrastructure, LLC Units, which are exchangeable for Class A Common Stock.
• These securities are owned directly by Yorktown Energy Partners X, L.P., where the reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard SEC filing reporting changes in ownership. The acquisition of shares could be seen as a positive sign, but it's a relatively small amount in the context of overall holdings.

Positives

• The acquisition of Class A Common Stock through a Restricted Stock Award indicates confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings of key individuals.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders as it reflects insider activity.

Key Dates