SEI Form 4: 2.11M-unit exchange and full Class A sale disclosed
Rhea-AI Filing Summary
Solaris Energy Infrastructure (SEI): Form 4 insider activity. An affiliate director, KTR Management Company, LLC, exchanged 2,114,783 Solaris LLC Units (with corresponding Class B shares) for 2,114,783 shares of Class A common stock on 11/04/2025, then sold 2,114,783 Class A shares at $50.15 per share the same day. Class B shares carry one vote and no economic rights and were cancelled one-for-one upon exchange. After the transactions, Class A holdings were 0, while 2,000,000 Class B shares and an equivalent 2,000,000 Solaris LLC Units remained beneficially owned by the filer.
Positive
- None.
Negative
- None.
Insights
Insider exchanged and sold 2.11M Class A shares; units remain.
The reporting holder converted 2,114,783 Solaris LLC Units (paired with Class B votes) into an equal number of Class A shares and sold all 2,114,783 at $50.15. This reflects activity within an Up‑C structure where Class B provides voting only and is cancelled on exchange.
Following the sale, the filer reported 0 Class A and continued to beneficially own 2,000,000 Solaris LLC Units and 2,000,000 Class B shares. Any future exchanges would depend on holder decisions and permitted terms.
The transaction directs sale proceeds to the selling holder, not the company. Impact on float or trading dynamics would hinge on any subsequent exchanges or sales disclosed in later filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Solaris Energy Infrastructure, LLC Units | 2,114,783 | $0.00 | -- |
| Other | Class B Common Stock | 2,114,783 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,114,783 | $0.00 | -- |
| Sale | Class A Common Stock | 2,114,783 | $50.15 | $106.06M |
Footnotes (1)
- Each share of Class B common stock, par value $0.00 per share ("Class B common stock") of Solaris Energy Infrastructure, Inc. (the "Issuer") has no economic rights but entitles the holder to one vote on all matters to be voted on by the stockholders generally. 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 (the "SEC") on May 17, 2017, units of Solaris LLC ("Solaris LLC Units") (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, par value $0.01 per share ("Class A common stock"). The shares of Class B common stock reported herein were cancelled for no consideration on a one-for-one basis upon the redemption by the reporting persons of its Solaris LLC Units (together with a corresponding number of shares of Class B common stock) for the shares of Class A common stock reported herein. Includes securities received in connection with transactions contemplated by the Contribution Agreement, dated July 9, 2024, by and among the Issuer, Solaris LLC, John A. Johnson, John Tuma, J Turbines and KTR Management Company, LLC ("KTR"), a Texas limited liability company. On September 11, 2024, J Turbines and KTR each received, among other things, 8,114,783 shares of the Issuer's Class B common stock, together with a corresponding number of Solaris LLC Units in exchange for all of the issued and outstanding equity interests of Mobile Energy Rentals LLC, a Texas limited liability company, as more fully described in the Schedule 13D filed by the reporting persons with the SEC on September 13, 2024. Represents securities held directly by KTR. John Tuma owns all of the issued and outstanding equity interests of KTR and has the sole authority to vote or dispose of the shares held by KTR in his sole discretion. Mr. Tuma may therefore be deemed to beneficially own the securities of the Issuer held directly by KTR.
