Solaris Energy Infrastructure (SEI) details insider share activity
Rhea-AI Filing Summary
Solaris Energy Infrastructure, Inc. (symbol: SEI) is the issuer of record for a Form 4 filing submitted to the SEC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,989 shares
Net Buy
3 txns
Insider
Keenan W Howard JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 2,989 | $0.00 | $0.00 |
| holding | Solaris Energy Infrastructure, LLC Units F6, F5 | -- | -- | -- |
| holding | Class B Common Stock F3, F4, F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 92,039 shares (Direct);
Solaris Energy Infrastructure, LLC Units — 5,079,234 shares (Indirect, See Footnote);
Class B Common Stock — 5,079,234 shares (Indirect, See Footnote)
Footnotes (6)
- F1. Restricted Stock Award pursuant to the Solaris Energy Infrastructure, Inc. Long Term Incentive Plan. The award vests in full on the first anniversary of the grant date.
- F2. Includes 2,989 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.
- F3. Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
- F4. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.
- F5. These securities are owned directly by Yorktown Energy Partners X, L.P., a Delaware limited partnership ("Yorktown X"). 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.
- F6. Subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Solaris Energy Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, as amended from time to time, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on May 17, 2017, the units in Solaris LLC (together with a corresponding number of shares of the Issuer's Class B common stock) are exchangeable from time to time for shares of the Issuer's Class A common stock.
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