Aris Water Solutions Form 4: 47,983 shares converted; 5,901 RSUs cash
Rhea-AI Filing Summary
Aris Water Solutions (ARIS) reported an insider transaction tied to its merger. A director disposed of 47,983 shares of Class A common stock on 10/15/2025 at the merger’s effective time, leaving 0 shares beneficially owned.
Per the merger terms with Western Midstream Partners, LP, each share converted into the right to receive, at the holder’s election: $7.00 in cash plus 0.450 Parent common units, or $25.00 in cash, or 0.625 Parent common units; absent an election, the 0.625 unit option applied.
The total includes 5,901 shares underlying time-vesting RSUs, which were converted into cash equal to shares times $25.00, plus any accrued but unpaid cash-based dividend equivalents.
Positive
- None.
Negative
- None.
Insights
Routine Form 4 reflecting merger consideration mechanics.
The filing documents a director’s disposition of 47,983 ARIS Class A shares at the merger effective time, resulting in 0 shares held. Consideration followed the election framework: $7.00 + 0.450 Parent units, or $25.00 cash, or 0.625 Parent units; no-election defaults to the unit option.
Equity awards were treated in cash: 5,901 RSU-linked shares converted to cash at $25.00 per share plus any cash-based dividend equivalents. This is administrative and holder-level; actual impact depends on the merger terms already in effect.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 47,983 | $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 5,901 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.