[Form 4] Solaris Oilfield Infrastructure, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Solaris Energy Infrastructure, Inc. reported an insider acquisition by director James R. Burke on 08/23/2025. The Form 4 shows a restricted stock award of 5,696 shares of Class A common stock granted under the company’s Long Term Incentive Plan that vests in full on the first anniversary of the grant date. After the transaction Mr. Burke beneficially owns 21,973 shares of Class A common stock (including the newly granted restricted shares) and an additional 42,734 Class B shares held indirectly via Solaris Energy Infrastructure, LLC units that are exchangeable into Class A shares.

Positive

• Director alignment: Award vests in one year, aligning the reporting director with shareholder interests over time
• Clear disclosure: Form 4 specifies amounts, vesting and indirect ownership via exchangeable LLC units

Negative

• No market transaction price: Restricted award recorded at $0, so the filing shows no cash investment by the director
• Inability to assess materiality: Filing does not provide total outstanding shares, so impact on dilution cannot be measured here

Insights

Corporate Governance Expert

TL;DR: Director received restricted equity tying his economic interest to long‑term shareholder outcomes, vesting in one year.

The restricted award aligns the director with shareholders by granting 5,696 Class A restricted shares that vest in full on the first anniversary, which is a common retention and alignment mechanism. The filing also confirms indirect ownership of 42,734 Class B shares through LLC units that are exchangeable into Class A stock, preserving voting linkage while limiting immediate economic exposure. This is routine for insider compensation and does not reflect a cash purchase or sale.

Securities Analyst

TL;DR: Transaction is non‑cash, dilutive impact minimal and typical for incentive plans; monitors should note vesting timeline.

The Form 4 documents a grant under the issuer’s long‑term incentive plan rather than an open‑market acquisition, so there is no cash flow or market transaction price recorded (price $0 for the restricted award). Post‑grant beneficial ownership totals are disclosed as 21,973 Class A shares and 42,734 Class B shares via LLC units. Materiality to outstanding shares cannot be assessed from this filing alone because total share count is not provided in the document.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BURKE JAMES R

(Last) (First) (Middle)

9651 KATY FREEWAY

SUITE 300

(Street)

HOUSTON TX 77024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Solaris Energy Infrastructure, Inc. [ SEI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/23/2025		A		5,696(1)	A	$0	21,973(2)	D
Class A Common Stock								800	I	Spouse
Class B Common Stock(3)								42,734	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Solaris Energy Infrastructure, LLC Units	(4)							(4)	(4)	Class A Common Stock	42,734		42,734	D

Explanation of Responses:

1. 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.

2. Includes 5,696 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.

3. Each share of Class B common stock has no economic rights but entitles the holder to one vote on all matters to be voted on by the stockholders generally.

4. 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 Class B common stock of the Issuer) are exchangeable from time to time for shares of Class A common stock of the Issuer.

	/s/ Christopher M. Powell, Attorney-in-Fact	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did James R. Burke acquire on 08/23/2025 for Solaris Energy Infrastructure, Inc. (SEI)?

He received a restricted stock award of 5,696 Class A shares under the Long Term Incentive Plan that vests in full on the first anniversary of the grant date.

How many Class A shares does James R. Burke beneficially own after the reported transaction?

He beneficially owns 21,973 Class A shares following the reported restricted stock award, which includes 5,696 subject to vesting.

Does the Form 4 show any cash purchase or sale price for the restricted shares?

No. The restricted award is recorded with a price of $0, indicating a non‑cash grant rather than an open‑market purchase.

What indirect holdings does the filing disclose for the reporting person?

The filing shows 42,734 Class B shares held indirectly via Solaris Energy Infrastructure, LLC units that are exchangeable for Class A shares under the LLC agreement.

When do the newly granted restricted shares vest?

The restricted stock award vests in full on the first anniversary of the grant date.