WaterBridge director granted 4,536 RSUs

WaterBridge Infrastructure LLC (symbol: WBI) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Filing Summary

WaterBridge Infrastructure LLC (symbol: WBI) is the issuer of record for a Form 4 filing submitted to the SEC. CRANE JAMES R reported acquisition or exercise transactions in this Form 4 filing.

WaterBridge Infrastructure LLC (WBI) director James R. Crane received an award of 4,536 restricted stock units (RSUs) on September 18, 2026, each representing a contingent right to one Class A Share. The RSUs will vest on September 18, 2027. After this award, he holds 211,036 Class A Shares directly, and an additional 100,000 Class A Shares are held indirectly by his spouse.

Insider Trade Summary

Grant/Award: 4,536 shares

Grant/Award 2 txns

Insider CRANE JAMES R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Shares F1	4,536	$0.00	$0.00
holding	Class A Shares	--	--	--

Holdings After Transaction: Class A Shares — 211,036 shares (Direct); Class A Shares — 100,000 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one Class A Share. The RSUs will vest on September 18, 2027.

Key Figures

RSUs granted: 4,536 units Vesting date: September 18, 2027 Direct Class A Shares after transaction: 211,036 shares +2 more

5 metrics

RSUs granted 4,536 units Restricted stock unit award to director James R. Crane on September 18, 2026

Vesting date September 18, 2027 Date when the 4,536 RSUs convert into Class A Shares if vested

Direct Class A Shares after transaction 211,036 shares Direct holdings of James R. Crane following the RSU award

Indirect Class A Shares by spouse 100,000 shares Indirect ownership reported as held by James R. Crane’s spouse

Reported transaction price per share $0.00 Compensation grant of 4,536 RSUs with no cash purchase price

Key Terms

restricted stock units, Class A Shares, indirect

3 terms

restricted stock units financial

"Represents an award of restricted stock units ("RSUs"). Each RSU represents"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class A Shares financial

"Each RSU represents a contingent right to receive one Class A Share."

Class A shares are one of a company’s distinct types of stock that come with a specific set of rights—commonly different voting power, dividend treatment, or transfer rules—defined in the company’s charter. Investors care because those rights affect control, income and resale value; like holding a seat at a table that has different rules or stronger chips than other seats, owning Class A changes how much influence and return you can expect.

indirect financial

"Indirect ownership is reported as 100,000 Class A Shares held by spouse."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did director James R. Crane acquire in this Form 4 for WBI?

He was granted 4,536 restricted stock units (RSUs) on September 18, 2026. Each RSU represents a contingent right to receive one Class A Share, and the award was reported as acquired with no cash price per share in this filing.

When do the new RSUs for WBI director James R. Crane vest?

The 4,536 RSUs granted to James R. Crane will vest on September 18, 2027. Upon vesting, each RSU entitles him to receive one Class A Share of WaterBridge Infrastructure LLC, subject to the award’s terms.

How many WBI Class A Shares does James R. Crane hold after this transaction?

Following the RSU award, James R. Crane holds 211,036 Class A Shares directly. In addition, 100,000 Class A Shares are reported as held indirectly by his spouse, giving him both direct and indirect ownership interests.

What is the reported price per share for James R. Crane’s WBI RSU grant?

The Form 4 reports a transaction price per share of $0.00 for the 4,536 RSUs. This reflects that the grant is a compensation award, not a market purchase of WaterBridge Infrastructure LLC Class A Shares.

Does the Form 4 for WBI indicate trades under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is reported as unchecked, and the footnotes do not state that the 4,536 RSU award or the reported holdings for James R. Crane were made under a Rule 10b5-1 trading plan.

How many WBI shares are reported as indirectly owned by James R. Crane?

The Form 4 reports 100,000 Class A Shares as held indirectly, by his spouse. These are separate from his 211,036 directly held Class A Shares and are identified with the nature of ownership noted as “By Spouse.”

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

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Available on EDGAR 09/22/2026 - 07:36 PM Accepted by SEC EDGAR 09/22/2026 - 07:35 PM Learn about SEC filing dates

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
Estimated average burden
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^*

CRANE JAMES R

(Last) (First) (Middle)

C/O WATERBRIDGE INFRASTRUCTURE LLC

5555 SAN FELIPE STREET, SUITE 1200

(Street)

HOUSTON TEXAS 77056

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WaterBridge Infrastructure LLC [ WBI ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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

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

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

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 Shares	09/18/2026		A		4,536(1)	A	$0	211,036	D
Class A Shares								100,000	I	By Spouse

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

Explanation of Responses:

1. Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one Class A Share. The RSUs will vest on September 18, 2027.

	/s/ Scott McNeely, Attorney-in-Fact	09/22/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)