WaterBridge general counsel 9,182 shares withheld for tax

Rhea-AI Filing Summary

WaterBridge Infrastructure LLC (WBI) reported that Executive VP and General Counsel Bolling Harrison Fenner had 9,182 Class A shares withheld on September 18, 2026 to pay tax liabilities arising from the vesting and settlement of restricted share units under the company’s Long-Term Incentive Plan. These shares were withheld by the issuer rather than sold in the open market, leaving Fenner with 92,704 Class A shares held directly after the transaction. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Tax Withholding: 9,182 shares

Tax Withholding 1 txn

Insider Bolling Harrison Fenner

Role Executive VP and GC

Type	Security	Shares	Price	Value
Tax Withholding	Class A Shares F1	9,182	$30.86	$283K

Holdings After Transaction: Class A Shares — 92,704 shares (Direct)

Footnotes (1)

1. F1. In connection with the vesting and settlement of restricted share units ("RSUs") through the issuance of Class A shares of WaterBridge Infrastructure LLC (the "Issuer") pursuant to the WaterBridge Infrastructure LLC Long-Term Incentive Plan, the Issuer withheld Class A shares that would otherwise have been issued to the Reporting Person to satisfy their tax withholding obligations.

Key Figures

Shares withheld for taxes: 9,182 shares Price reference per Class A share: $30.86 per share Post-transaction direct holdings: 92,704 shares

3 metrics

Shares withheld for taxes 9,182 shares Class A shares withheld on September 18, 2026 to satisfy tax withholding from RSU vesting

Price reference per Class A share $30.86 per share Reported price associated with the 9,182 withheld Class A shares

Post-transaction direct holdings 92,704 shares Class A shares directly held by Bolling Harrison Fenner after the September 18, 2026 transaction

Key Terms

restricted share units, Long-Term Incentive Plan, tax withholding obligations

3 terms

restricted share units financial

"In connection with the vesting and settlement of restricted share units ("RSUs")"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Long-Term Incentive Plan financial

"pursuant to the WaterBridge Infrastructure LLC Long-Term Incentive Plan"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

tax withholding obligations financial

"to satisfy their tax withholding obligations"

FAQ

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

What insider transaction did WBI report for Executive VP and GC Bolling Harrison Fenner?

WBI reported that Bolling Harrison Fenner had 9,182 Class A shares withheld on September 18, 2026 to satisfy tax withholding obligations from RSU vesting under the Long-Term Incentive Plan, leaving him with 92,704 Class A shares held directly afterward.

Was the WBI insider transaction by Bolling Harrison Fenner an open-market sale?

No. The filing states the issuer withheld Class A shares that otherwise would have been issued to Bolling Harrison Fenner to cover his tax withholding obligations from RSU vesting, rather than an open-market sale.

How many WBI Class A shares were withheld for taxes from Bolling Harrison Fenner’s RSU vesting?

The transaction reports that 9,182 Class A shares of WaterBridge Infrastructure LLC were withheld on September 18, 2026 to satisfy tax withholding obligations tied to the vesting and settlement of restricted share units.

What are Bolling Harrison Fenner’s WBI holdings after the reported Form 4 transaction?

After the tax-withholding disposition, Bolling Harrison Fenner directly holds 92,704 Class A shares of WaterBridge Infrastructure LLC, as shown in the post-transaction holdings figure in the Form 4 data.

Was the WBI insider transaction by Bolling Harrison Fenner made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed and there is no footnote indicating that the September 18, 2026 transaction was executed pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/22/2026 - 07:29 PM Accepted by SEC EDGAR 09/22/2026 - 07:28 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^*

Bolling Harrison Fenner

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP and GC

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		F		9,182(1)	D	$30.86	92,704	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

Explanation of Responses:

1. In connection with the vesting and settlement of restricted share units ("RSUs") through the issuance of Class A shares of WaterBridge Infrastructure LLC (the "Issuer") pursuant to the WaterBridge Infrastructure LLC Long-Term Incentive Plan, the Issuer withheld Class A shares that would otherwise have been issued to the Reporting Person to satisfy their tax withholding obligations.

	/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)