[Form 4] Aris Water Solutions, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Aris Water Solutions (ARIS) reported an officer transaction tied to its merger. On 10/15/2025, the Chief Accounting Officer disposed of 44,827 shares of Class A common stock, reflecting conversion at the merger’s effective time; beneficial ownership afterward is 0 shares.
Per the merger terms with Western Midstream Partners, each share was converted, at the holder’s election, into one of: $7.00 cash + 0.450 Parent Common Units, $25.00 cash, or 0.625 Parent Common Units (defaulting to 0.625 units if no election). The total included 34,955 RSU shares, which were converted into cash at $25.00 per share plus any accrued cash-based dividend equivalents.
Positive
- None.
Negative
- None.
Insights
Routine insider disposition driven by merger consideration mechanics.
The filing shows the CAO’s holdings converted at the merger’s effective time, resulting in the disposition of 44,827 common shares and post-transaction ownership of zero. This is an administrative reflection of deal closing rather than an open-market sale.
Consideration alternatives included cash, common units of the parent, or a mix, with RSUs settled in cash at $25.00 per share plus cash-based dividend equivalents. Actual portfolio impact depends on the individual election and unit values under Western Midstream Partners.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 44,827 | $0.00 | -- |
Footnotes (1)
- As of the effective time (the "Effective Time") of the transactions contemplated by the Agreement and Plan of Merger entered into on August 6, 2025, by and among the Issuer, Western Midstream Partners, LP ("Parent"), Arrakis OpCo Merger Sub LLC, Arrakis Holdings Inc., Arrakis Unit Merger Sub LLC, Arrakis Cash Merger Sub LLC and Aris Water Holdings, LLC, each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share ("Issuer Class A Common Stock") held by the Reporting Person as of immediately prior to the Effective Time, was converted into the right to receive, pursuant to an election made by the Reporting Person, one of the following forms of consideration: cont'd from Footnote 1: (i) $7.00 in cash (without interest) and 0.450 common units representing limited partnership interests in Parent ("Parent Common Units"); (ii) $25.00 in cash (without interest); (iii) 0.625 Parent Common Units ("Common Unit Election Consideration"), or (iv) in the event of the Reporting Person's failure to timely deliver an election, the Common Unit Election Consideration. This amount includes 34,955 shares of Issuer Class A Common Stock subject to awards of time-vesting restricted stock units ("Issuer RSU Awards") held by the Reporting Person. At the Effective Time, each Issuer RSU Award was converted into the right to receive an amount in cash equal to (i) the total number of shares of Issuer Class A Common Stock subject to such Issuer RSU Award, multiplied by (ii) $25.00, plus an additional amount in cash equal to any accrued but unpaid cash-based dividend equivalents.
