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WaterBridge (WBI) registers 83.25M Class A shares; annual meeting elects full slate

(Neutral)
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

WaterBridge Infrastructure LLC is registering up to 83,250,000 Class A shares for resale by selling shareholders pursuant to the prospectus supplement dated June 24, 2026. The supplement updates the prospectus with information from a Form 8-K reporting the Company’s 2026 annual meeting results.

The Company reported 47,016,059 Class A shares outstanding as of April 23, 2026 and 76,440,150 Class B shares outstanding as of April 23, 2026. Shareholders voted to elect all 13 director nominees, ratify Deloitte & Touche LLP as auditor, approve named executive officer compensation on an advisory basis, and set future advisory votes on executive compensation to occur every one year. Voting participation represented approximately 90.95% of total voting power.

Positive

  • None.

Negative

  • None.

Insights

Annual meeting results show full slate elected and advisory pay approved.

The shareholder vote elected all 13 director nominees and ratified Deloitte & Touche LLP as auditor, indicating routine governance continuity. The advisory vote on executive compensation passed, and shareholders selected an annual advisory frequency.

These outcomes preserve current governance arrangements; subsequent filings will show any board or compensation policy changes. The proxy vote tallies and quorum figures are supplied in the supplement.

Registered shares 83,250,000 shares Aggregate registered for resale in prospectus supplement
Last reported sales price $28.30 per share Last reported NYSE price on June 24, 2026
Class A outstanding 47,016,059 shares Outstanding as of April 23, 2026
Class B outstanding 76,440,150 shares Outstanding as of April 23, 2026
Shares represented at meeting 112,290,709 common shares Represented virtually or by proxy at the 2026 Annual Meeting
Quorum voting power 90.95% Percentage of total voting power represented at the meeting
Ratification votes for auditor 112,126,827 votes for Votes to ratify Deloitte & Touche LLP for FY2026
controlled company regulatory
"We are a “controlled company” within the meaning of the NYSE"
A controlled company is a publicly traded firm where one shareholder or a small group holds enough voting power to determine board members and major strategic choices. For investors this matters because control can speed decision-making and protect long-term plans, but it also raises the risk that majority owners will favor their own interests over minority shareholders, reducing outside oversight—like a family-owned restaurant that sold shares but the family still calls the shots.
broker non-votes financial
"Broker Non-Votes 5,144,849 shown in the director election table"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
non-binding, advisory vote corporate
"approve, on a non-binding, advisory basis, the compensation"
Offering Type resale/secondary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What securities are being registered in the WaterBridge (WBI) prospectus supplement?

The prospectus supplement registers 83,250,000 Class A shares representing limited liability company interests. These Class A shares are listed on the NYSE and NYSE Texas under the symbol WBI.

Does WaterBridge (WBI) specify who will sell the registered shares?

The supplement states the shares will be offered and sold from time to time by the selling shareholders identified in the prospectus. The document attaches a Form 8-K that updates meeting and voting information.

How many Class A and Class B shares were outstanding as of the record date for the 2026 meeting?

As of the record date April 23, 2026, there were 47,016,059 Class A shares and 76,440,150 Class B shares outstanding, as stated in the proxy-related disclosures included in the supplement.

What were the key results of WaterBridge’s 2026 annual meeting?

Shareholders elected all 13 director nominees, ratified Deloitte & Touche LLP as auditor, approved named executive officer compensation on an advisory basis, and chose an annual frequency for future advisory compensation votes.

What was the shareholder turnout at WaterBridge’s 2026 annual meeting?

There were 112,290,709 common shares represented virtually or by proxy, representing approximately 90.95% of the total voting power, which the document describes as constituting a quorum.

Filed Pursuant to Rule 424(b)(3)

Registration Statement No. 333-294703

Prospectus Supplement No. 3

To Prospectus dated April 10, 2026

img96060891_0.gif

83,250,000 Class A Shares

WaterBridge Infrastructure LLC

Class A Shares

Representing Limited Liability Company Interests

This prospectus supplement amends and supplements the prospectus dated April 10, 2026, as supplemented or amended from time to time (the “Prospectus”), which forms a part of our Registration Statement on Form S-1 (No. 333-294703). This prospectus supplement is being filed to update and supplement the information in the Prospectus with the information contained in our Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on June 24, 2026 (the “Current Report”). Accordingly, we have attached the Current Report to this prospectus supplement.

The Prospectus and this prospectus supplement relate to the offer and sale, from time to time, by the selling shareholders identified in the Prospectus of up to an aggregate of 83,250,000 Class A shares representing limited liability company interests (“Class A shares”) in WaterBridge Infrastructure LLC, a Delaware limited liability company.

Our Class A shares are listed on the New York Stock Exchange (the “NYSE”) and NYSE Texas, Inc. (“NYSE Texas”) under the symbol “WBI.” The last reported sales price of our Class A shares on the NYSE on June 24, 2026 was $28.30 per Class A share.

We are a “controlled company” within the meaning of the NYSE and NYSE Texas rules and, as a result, qualify for and rely on exemptions from certain corporate governance requirements.

This prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the Prospectus, including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.

INVESTING IN OUR CLASS A SHARES INVOLVES RISKS. SEE THE “RISK FACTORS” SECTION ON PAGE 5 OF THE PROSPECTUS.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

Prospectus supplement dated June 24, 2026

 

 


 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 18, 2026

WaterBridge Infrastructure LLC

(Exact name of registrant as specified in its charter)

Delaware

001-42850

33-4546086

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

5555 San Felipe Street, Suite 1200

Houston, Texas 77056

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (713) 230-8864

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class

Trading
Symbol(s)

Name of each exchange
on which registered

Class A shares representing limited liability company interests

 WBI

New York Stock Exchange

NYSE Texas, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 


 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

On June 18, 2026, WaterBridge Infrastructure LLC (the “Company”) held its 2026 annual meeting of shareholders (the “2026 Annual Meeting”), at which the Company’s shareholders voted on proposals to (i) elect each of the directors nominated by the board of directors of the Company (the “Board”), each for a one-year term expiring at the Company’s 2027 annual meeting of shareholders (the “2027 Annual Meeting”) or until each such director’s successor is duly elected and qualified or until each such director’s earlier death, resignation, disqualification or removal, (ii) ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, (iii) approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers (the “Named Executive Officers”) and (iv) approve the frequency of future advisory votes to approve executive compensation.

As of April 23, 2026, the record date for the 2026 Annual Meeting, the Company had 47,016,059 Class A shares representing limited liability company interests in the Company (the “Class A shares”) and 76,440,150 Class B shares representing limited liability company interests in the Company (together with the Class A shares, the “common shares”) outstanding. Holders of common shares were entitled to one vote per common share on each of the forgoing proposals, each of which is more fully described in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 30, 2026. There were 112,290,709 common shares represented either virtually or by proxy at the 2026 Annual Meeting, which represented approximately 90.95% of the total voting power of the Company, thereby constituting a quorum.

A summary of the voting results, as certified by the Inspector of Election for the 2026 Annual Meeting, is set forth below.

 

Proposal 1: Election of Directors

 

Director Nominee

Votes For

Votes Withheld

Broker Non-Votes

David N. Capobianco

89,809,530

17,336,330

5,144,849

Jason Long

91,413,636

15,732,224

5,144,849

Matthew K. Morrow

89,796,844

17,349,016

5,144,849

Michael S. Sulton

89,794,578

17,351,282

5,144,849

Frank Bayouth

89,797,109

17,348,751

5,144,849

Kara Goodloe Harling

89,797,339

17,348,521

5,144,849

Jeffrey Eaton

89,797,074

17,348,786

5,144,849

Ben Moore

89,778,881

17,366,979

5,144,849

James Crane

102,875,937

4,269,923

5,144,849

Greg Daily

105,196,168

1,949,692

5,144,849

Jeffrey Ritenour

89,801,011

17,344,849

5,144,849

Janet Carrig

106,914,565

231,295

5,144,849

Valerie P. Chase

106,949,257

196,603

5,144,849

 

The Company’s shareholders elected all 13 of the director nominees to serve until the 2027 Annual Meeting or until each such director’s successor is duly elected and qualified or until each such director’s earlier death, resignation, disqualification or removal.

 

Proposal 2: Ratification of the Appointment of Deloitte & Touche LLP as the Independent Registered Public Accounting Firm of the Company for Fiscal Year Ending December 31, 2026

 

Votes For

Votes Against

Abstentions

112,126,827

152,412

11,470

 

The Company’s shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2026.

 

 


 

Proposal 3: Non-binding, advisory vote to approve the compensation of the Company’s Named Executive Officers

Votes For

Votes Against

Abstentions

Broker Non-Votes

107,003,160

113,269

29,431

5,144,849

 

The Company’s shareholders approved, on a non-binding, advisory basis, the compensation of the Company’s Named Executive Officers.

 

Proposal 4: Non-binding, advisory vote to approve the frequency of future advisory votes on the compensation of the Company’s Named Executive Officers

 

One Year

Two Years

 

Three Years

Abstentions

Broker Non-Votes

105,442,714

1,650,854

 

21,957

30,335

5,144,849

 

The Company’s shareholders approved, on a non-binding, advisory basis, a frequency of one year for future advisory votes on the compensation of the Company’s Named Executive Officers.

 

Based on the vote of our shareholders at the 2026 Annual Meeting, and consistent with the Board’s recommendation set forth in the Company’s proxy statement, the Board has determined that the Company will conduct a vote to approve, on an advisory basis, the compensation of the Company’s Named Executive Officers every year until the next shareholder advisory vote on the frequency of future advisory votes on the compensation of the Company’s Named Executive Officers or until the Board otherwise determines that a different frequency for such advisory votes is in the best interests of the Company’s shareholders.

 

 

 


 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WATERBRIDGE INFRASTRUCTURE LLC

By:

/s/ Scott L. McNeely

Name: Scott L. McNeely

Title: Chief Financial Officer

Date: June 24, 2026