[Form 4] Aris Water Solutions, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Aris Water Solutions, Inc. (ARIS) disclosed an insider transaction tied to its merger closing. A director reported dispositions at the Effective Time, reflecting conversion of holdings under the merger agreement with Western Midstream Partners, LP.
The filing shows 39,485 shares of Class A common stock held directly and 123,313 shares held indirectly through Colonnetta Family Partners I, LP were reported as disposed, leaving 0 shares beneficially owned following the transactions. Per the election mechanics, each share was converted into either: $7.00 in cash plus 0.450 Parent Common Units; or $25.00 in cash; or 0.625 Parent Common Units; with the default to 0.625 units if no election was made.
The report notes 4,426 shares subject to time-vesting RSUs were converted into cash at $25.00 per underlying share, plus any accrued cash-based dividend equivalents.
Positive
- None.
Negative
- None.
Insights
Routine Form 4 reflecting merger consideration; neutral impact.
This Form 4 records the automatic conversion of a director’s ARIS shares at the merger Effective Time. The filing lists dispositions of directly and indirectly held Class A shares, resulting in no remaining beneficial ownership after closing.
Consideration followed fixed election terms: per share, either $7.00 plus 0.450 Western Midstream common units, $25.00 cash, or 0.625 units, with a default to 0.625 units absent an election. RSUs covering 4,426 underlying shares were cashed at $25.00 per share plus any accrued cash-based dividend equivalents.
As a routine merger-driven conversion, this is administrative rather than thesis-changing. Actual cash or unit outcomes depend on the holder’s election per the disclosed options.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 39,485 | $0.00 | -- |
| Disposition | Class A Common Stock | 123,313 | $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 4,426 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. Represents securities held directly by Colonnetta Family Partners I, LP ("Colonnetta Partners"). Colonnetta Management Company LLC ("Colonnetta Management") is the general partner of Colonnetta Partners. The Reporting Person and the Reporting Person's spouse are the managers of Colonnetta Management. As a result, the Reporting Person may be deemed to beneficially own the securities owned by Colonnetta Partners.