KTR/Tuma sells 4,000,000 SEI Class A shares after unit conversion
Rhea-AI Filing Summary
Solaris Energy Infrastructure, Inc. (SEI) insiders KTR Management Company, LLC and John Tuma reported transactions dated 08/06/2025. The filing discloses that KTR redeemed Solaris Energy Infrastructure, LLC units together with corresponding Class B common stock and received 4,000,000 shares of Class A common stock at no cash cost. Immediately thereafter the reporting person sold 4,000,000 Class A shares at $29.50 per share, resulting in 0 remaining shares from that tranche. Following the reported transactions KTR beneficially owns 4,114,783 shares. The Form clarifies that Class B shares carry one vote each but no economic rights, and that John Tuma owns KTR and has sole authority to vote or dispose of the shares held by KTR.
Positive
- KTR retains beneficial ownership of 4,114,783 shares
- Form 4 discloses conversion of 4,000,000 Solaris LLC Units into Class A common stock
Negative
- KTR sold 4,000,000 Class A common shares at $29.50 per share
- Class B shares held by the reporting persons were cancelled upon redemption, reducing those specific holdings
Insights
TL;DR: Director converted units into 4,000,000 Class A shares and sold those 4,000,000 shares at $29.50; KTR still owns 4,114,783 shares.
The Form 4 documents a conversion/redemption of Solaris LLC units into Class A shares followed by an immediate sale of the same 4,000,000 Class A shares at $29.50 per share. The reporting entity, KTR Management Company, LLC, continues to hold 4,114,783 shares after the transactions. These are explicit, material insider transactions showing both conversion of interests and a large disposition; the filing also clarifies voting/economic distinctions for Class B stock and the ownership/control relationship of John Tuma to KTR.
TL;DR: Insider ownership/control remains concentrated: John Tuma controls KTR and reported both conversion of units and a large sale, retaining 4,114,783 shares.
The disclosure confirms that John Tuma owns all issued equity interests in KTR and has sole authority to vote or dispose of the securities held by KTR. The Form 4 details the mechanics: Class B shares (which carry voting rights but no economic rights) were cancelled upon redemption with Solaris LLC units and converted into Class A shares, and a block of 4,000,000 Class A shares was sold at $29.50. The filing provides clear, direct statements about ownership and transaction quantities without attributing motive.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Solaris Energy Infrastructure, LLC Units | 4,000,000 | $0.00 | -- |
| Other | Class B Common Stock | 4,000,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 4,000,000 | $0.00 | -- |
| Sale | Class A Common Stock | 4,000,000 | $29.50 | $118.00M |
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.
