WaterBridge CFO has 9,838 shares withheld for tax

WaterBridge Infrastructure LLC’s CFO had shares withheld to cover taxes on vested RSUs, not through an open-market sale.

Available on EDGAR 09/22/2026 - 07:28 PM EDT Accepted by SEC EDGAR 09/22/2026 - 07:27 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

WaterBridge Infrastructure LLC (WBI) reported that Executive VP and CFO Scott Lloyd McNeely had 9,838 Class A Shares withheld on September 18, 2026 to satisfy tax withholding obligations arising from the vesting and settlement of restricted share units under the company’s Long-Term Incentive Plan. These shares were not sold in the open market. Following this withholding, McNeely directly holds 99,315 Class A Shares.

Insider Trade Summary

Tax Withholding: 9,838 shares

Tax Withholding 1 txn

Insider McNeely Scott Lloyd

Role Executive VP, CFO

Type	Security	Shares	Price	Value
Tax Withholding	Class A Shares F1	9,838	$30.86	$304K

Holdings After Transaction: Class A Shares — 99,315 shares (Direct)

Holdings Before and After: Class A Shares, 109,153 to 99,315 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 tax liability: 9,838 Class A Shares Reference price per share: $30.86 per share Shares held after transaction: 99,315 Class A Shares

3 metrics

Shares withheld for tax liability 9,838 Class A Shares Withheld on September 18, 2026 in connection with RSU vesting

Reference price per share $30.86 per share Associated with the 9,838 Class A Shares withheld

Shares held after transaction 99,315 Class A Shares Direct holdings of the CFO following 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"

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 disclose for its CFO?

The CFO, Scott Lloyd McNeely, had 9,838 Class A Shares withheld on September 18, 2026 to pay tax withholding obligations tied to vested restricted share units, at a reference price of $30.86 per share.

Did the WBI CFO sell shares on the open market in this Form 4?

No. The filing states the transaction was a payment of tax liability by delivering or withholding securities in connection with RSU vesting, meaning the issuer withheld shares that otherwise would have been issued, rather than an open-market sale.

How many WBI shares does the CFO hold after this transaction?

After the tax-withholding transaction, the CFO directly holds 99,315 Class A Shares of WaterBridge Infrastructure LLC, as reported in the Form 4’s post-transaction holdings field.

What price per share is associated with the WBI CFO’s withheld shares?

The Form 4 reports a price of $30.86 per share for the 9,838 Class A Shares withheld to satisfy tax withholding obligations arising from the vesting and settlement of restricted share units.

Were the WBI CFO’s transactions under a Rule 10b5-1 trading plan?

No. The document-level Rule 10b5-1 checkbox is unchecked, and there is no footnote stating that the September 18, 2026 transaction was made under a Rule 10b5-1 trading plan.

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

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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^*

McNeely Scott Lloyd

(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, CFO

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		9,838(1)	D	$30.86	99,315	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	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)