Every Form 4 that WaterBridge Infrastructure LLC (WBI) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow WBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WBI filings page.
Long Jason Thomas reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC reported that Chief Executive Officer and director Jason Thomas Long received an equity compensation award of 44,829 restricted stock units (RSUs), each representing a contingent right to one Class A Share. These RSUs will vest as to one-fifth of the underlying shares on each of the first five anniversaries of July 8, 2026. Following this award, Long directly holds 187,329 Class A Shares.
Bolling Harrison Fenner reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC reported that Executive VP and GC Bolling Harrison Fenner received an award of 29,886 restricted stock units (RSUs), each representing a contingent right to one Class A Share. The RSUs vest as to 1/5 of the underlying shares on each of the first five anniversaries of July 8, 2026. Following this grant, Fenner directly holds 101,886 Class A Shares, including the awarded RSUs.
McNeely Scott Lloyd reported acquisition or exercise transactions in this Form 4 filing.
McNeely Scott Lloyd, Executive VP and CFO of WaterBridge Infrastructure LLC, received a grant of 32,875 restricted stock units, each representing one Class A Share. The RSUs vest 1/5 on each of the first five anniversaries of July 8, 2026. Following this award, he directly holds 109,153 Class A Shares.
Williams Jason Frederick reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC reported that Executive VP and CAO Jason Frederick Williams received a grant of 29,886 restricted stock units (RSUs), each representing a contingent right to receive one Class A Share. The RSUs vest in five equal annual installments beginning with the first anniversary of July 8, 2026. Following this equity award, Williams directly holds 99,886 Class A Shares.
Reitz Michael Howard JR reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC reports that officer Michael Howard Reitz Jr., President and Chief Operating Officer, received a grant of 39,599 restricted stock units (RSUs), each representing a contingent right to one Class A Share. The RSUs vest as to 1/5 of the underlying shares on each of the first five anniversaries of July 8, 2026, and his directly owned Class A Shares reported after the award total 139,464.
Devon WB Holdco L.L.C., an indirect subsidiary of Devon Energy, converted 1,755,174 WBI Operating LLC units and the same number of Class B shares into 1,755,174 Class A shares of WaterBridge Infrastructure LLC on a one-for-one basis.
Devon WB Holdco then sold all 1,755,174 Class A shares in an open-market transaction through a broker-dealer under Rule 144 at $30.05 per share. After these transactions, it holds no Class A shares but continues to own 16,002,051 OpCo Units and 16,002,051 Class B shares, which carry voting rights but no economic rights. Devon Energy, WPX Energy and WPX Energy Permian disclaim beneficial ownership beyond their pecuniary interests.
WaterBridge Infrastructure LLC disclosed significant share activity by entities associated with its major holders. On June 22, 2026, NDB Holdings, Desert Environmental Holdings and WBR Holdings sold a combined 5,894,826 Class A shares at an average price of $30.05 per share in open-market transactions under Rule 144.
In connection with these sales, NDB Holdings and Desert Environmental Holdings redeemed a total of 4,464,012 OpCo Units and an equal number of Class B shares for 4,464,012 newly issued Class A shares at no cash exercise price. After the transactions, WBR Holdings holds 1,980,921 Class A shares plus 11,063,925 OpCo Units with corresponding Class B shares, while NDB Holdings and Desert Environmental Holdings together continue to hold tens of millions of OpCo Units and corresponding Class B shares.
WaterBridge Infrastructure LLC’s major unitholders restructured and sold part of their positions. On June 22, 2026, entities including NDB Holdings LLC, Desert Environmental Holdings LLC and WBR Holdings LLC redeemed 4,464,012 WBI Operating LLC units, together with an equal number of Class B shares, for 4,464,012 Class A shares. In connection with a Rule 144 sale through a broker-dealer the same day, NDB Holdings sold 3,920,948 Class A shares, Desert Environmental Holdings sold 543,064 Class A shares and WBR Holdings sold 1,430,814 Class A shares at an open-market sale price of about $30.05 per share. After these transactions, WBR Holdings’ position includes 1,980,921 Class A shares and significant remaining OpCo Units and corresponding Class B shares, while NDB Holdings and Desert Environmental Holdings also continue to hold substantial OpCo Unit and Class B interests.
Entities associated with WaterBridge Infrastructure LLC director and major holder David N. Capobianco reported a large secondary transaction involving Class A and Class B interests. On June 22, 2026, NDB Holdings LLC, Desert Environmental Holdings LLC and WBR Holdings LLC completed a series of linked conversions and sales.
The filing shows an open-market and broker-assisted sale of 5,894,826 Class A shares at $30.05 per share by these entities, following the redemption of 4,464,012 WBI Operating LLC units and the related cancellation of an equal number of Class B shares into newly issued Class A shares. These steps were made in connection with sales pursuant to Rule 144.
After these transactions, WBR Holdings holds 1,980,921 Class A shares along with additional OpCo units and corresponding Class B shares, while NDB Holdings and Desert Holdings continue to own substantial OpCo units and matching Class B shares. The filing emphasizes that Mr. Capobianco and related general partner entities may be deemed to beneficially own these securities through their control of the LLCs, but each disclaims beneficial ownership except to the extent of any pecuniary interest.
WaterBridge Infrastructure LLC reporting entities recorded an internal restructuring involving OpCo Units and related share classes. On the reported date, they made an in-kind distribution of 2,456,248 OpCo Units and a corresponding number of Class B Shares to certain members for no consideration.
After this transaction, the group’s holdings totaled 56,226,677 Class B Shares and OpCo Units. These are held of record by WBR Holdings LLC, NDB Holdings LLC and Desert Environmental Holdings LLC, with indirect beneficial ownership interests attributed to various Five Point Energy-sponsored vehicles as described in the footnotes.
WaterBridge Infrastructure LLC director and 10% owner David N. Capobianco reported an internal restructuring involving an in-kind distribution of 2,456,248 Class B Shares and 2,456,248 OpCo Units to certain members of NDB Holdings LLC and Desert Environmental Holdings LLC for no consideration.
After these transactions, indirect holdings attributed to associated entities include 11,063,925 Class B Shares held by WBR Holdings LLC, 39,668,328 OpCo Units and the same number of Class B Shares held by NDB Holdings LLC, and 5,494,224 OpCo Units with a corresponding number of Class B Shares held by Desert Holdings. Each OpCo Unit may be redeemed for Class A Shares on a one-to-one basis or for cash, and the OpCo Units do not expire. Various Five Point Energy entities and Mr. Capobianco may be deemed to beneficially own these securities but disclaim beneficial ownership except to the extent of any pecuniary interest.
WaterBridge Resources LLC and WaterBridge NDB LLC, both ten percent owners of WaterBridge Infrastructure LLC, reported an in-kind restructuring transaction. They distributed 2,456,248 OpCo Units and a corresponding number of Class B Shares to certain members for no consideration.
After this non-cash distribution, the reporting structure shows 56,226,677 Class B Shares or OpCo Units indirectly held, including 11,063,925 Class B Shares at WBR Holdings, 39,668,328 OpCo Units with matching Class B Shares at NDB Holdings, and 5,494,224 OpCo Units with matching Class B Shares at Desert Environmental Holdings.
Chase Valerie reported acquisition or exercise transactions in this Form 4 filing.
WaterBridge Infrastructure LLC director Valerie Chase received a grant of 2,830 Class A share equivalents as restricted stock units. The award was recorded at a price of $0.00 per share as equity compensation, increasing her directly held position reported in this filing to 2,830 shares or share equivalents.
The footnote explains that each RSU represents a contingent right to receive one Class A share, and the RSUs will vest on the first anniversary of the company’s IPO date, which was September 18, 2025. This is a routine, non-cash compensation grant rather than an open-market purchase or sale.
WaterBridge Infrastructure LLC reported an equity transaction by an executive officer. On 01/06/2026, Executive Vice President and Chief Financial Officer Scott L. McNeely purchased 1,278 Class A shares of the company at a price of $19.56 per share in a transaction coded "P" for purchase. Following this trade, he beneficially owns 76,278 Class A shares, held directly.
WaterBridge Infrastructure LLC reports an insider share purchase by its Chief Executive Officer, who is also a director. On 01/05/2026, the reporting person bought 5,000 Class A shares in an open market transaction coded as a purchase at a price of $19.84 per share. After this transaction, the insider directly owns 142,500 Class A shares of WaterBridge Infrastructure LLC.
WaterBridge Infrastructure LLC reported an insider share purchase by a company officer. On 01/05/2026, the officer acquired 2,000 Class A shares in an open market or private purchase, coded "P," at a price of $19.98 per share. After this transaction, the officer beneficially owns 72,000 Class A shares, held directly. The officer’s role is noted as Executive Vice President, General Counsel, indicating this is a senior legal and executive insider transaction.
WaterBridge Infrastructure LLC officer reported a recent purchase of company equity. On 01/06/2026, the reporting person acquired 4,865 Class A shares in an open market transaction coded "P" at a price of $20.49 per share. Following this transaction, the reporting person beneficially owns 99,865 Class A shares with direct ownership. The filer is an officer of WaterBridge Infrastructure LLC, serving as President and Chief Operating Officer, and filed the report as a single reporting person.
WaterBridge Infrastructure LLC reported an insider equity grant involving its Class A shares. On 12/12/2025, a director acquired 6,500 Class A shares at a price of $0, resulting in beneficial ownership of 6,500 shares held directly.
The filing explains that this grant represents an award of 6,500 restricted stock units, with each RSU representing a contingent right to receive one Class A share. These RSUs are scheduled to vest on September 18, 2026, at which time the director will be entitled to receive the underlying Class A shares in accordance with the award terms.
WaterBridge Infrastructure LLC reported an insider equity award. A director acquired 6,500 Class A shares via restricted stock units on 10/01/2025 at $0 (Transaction Code A). Following the grant, the director’s direct beneficial ownership stands at 81,500 Class A shares.
The filing notes these RSUs represent the right to receive one Class A share per unit and will vest on the first anniversary of the grant date.
WaterBridge Infrastructure (WBI) Form 4: On 10/01/2025, a director reported an award of 6,500 Class A share RSUs at a price of $0. Following the grant, direct beneficial ownership was 206,500 Class A Shares.
The filing also notes 100,000 Class A Shares held indirectly by a spouse. The RSUs vest on the first anniversary of the grant date.