Select Water Solutions EVP Withholds 19,891 Shares to Cover Taxes

Rhea-AI Filing Summary

Michael James Lyons, an officer (EVP, CSO & CTO) of Select Water Solutions, Inc. (WTTR), reported share dispositions on 08/15/2025 related to restricted stock vesting tax withholding. The filing shows two non-derivative dispositions at a price of $7.91 per share: 17,648 shares withheld, leaving 108,469 shares beneficially owned, and 2,243 shares withheld, leaving 106,226 shares beneficially owned after the second reported transaction. The report includes an explanatory note that the shares were withheld by the issuer to satisfy tax withholding obligations arising upon vesting of restricted stock. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 08/19/2025.

Positive

• Transaction is administrative: shares were withheld to satisfy tax withholding on vested restricted stock, indicating standard compensation processing.
• Clear disclosure: Form 4 provides transaction codes, prices, quantities, and post-transaction beneficial ownership counts.

Negative

• Decrease in reported beneficial ownership: the filing shows total direct holdings reduced by 17,648 and 2,243 shares in two reported dispositions.
• No open-market sale information: the report does not show whether any shares were sold; withheld shares reduce float without clarifying disposition beyond tax withholding.

Insights

Securities Analyst

TL;DR: Officer withheld vested restricted shares to cover taxes; routine insider tax-withholding, modest reduction in beneficial ownership.

The Form 4 records two non-derivative dispositions coded F(1) on 08/15/2025 at $7.91 per share, with 17,648 and 2,243 shares withheld to satisfy tax obligations from restricted stock vesting. This is a standard administrative transaction rather than an open-market sale, and the filing clarifies the economic cause: tax withholding upon vesting. The remaining beneficial ownership counts reported after each disposition are shown in the filing. For investors, this transaction signals routine equity compensation mechanics rather than a voluntary liquidity event by the officer.

Corporate Governance Expert

TL;DR: Report documents routine compensation-related withholding; disclosure meets Section 16 reporting requirements.

The filing discloses that restricted shares vested and the issuer withheld shares to cover tax liabilities, consistent with customary executive compensation practices. The use of an attorney-in-fact signature is noted with a signing date of 08/19/2025. The report provides clear transaction codes and post-transaction beneficial ownership balances, fulfilling disclosure obligations. No additional governance actions or unusual transactions are disclosed in this Form 4.

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

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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^*

Lyons Michael James

(Last) (First) (Middle)

1820 N I-35

(Street)

GAINESVILLE TX 76240

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Select Water Solutions, Inc. [ WTTR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CSO & CTO

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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

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

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

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 Common Stock	08/15/2025		F(1)		17,648	D	$7.91	108,469	D
Class A Common Stock	08/15/2025		F(1)		2,243	D	$7.91	106,226	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. Represents shares to be withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.

Remarks:

	/s/ Michael James Lyons by Calla Hackler, as Attorney-in-Fact	08/19/2025
	** 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.

FAQ

What did Michael James Lyons report on the WTTR Form 4?

He reported two non-derivative dispositions on 08/15/2025 related to restricted stock vesting, with shares withheld to satisfy tax obligations.

How many shares were withheld and at what price?

The filing shows 17,648 shares and 2,243 shares withheld at a price of $7.91 per share.

What were the reported beneficial ownership balances after the transactions?

Post-transaction beneficial ownership is reported as 108,469 shares after the first withholding and 106,226 shares after the second.

Why were the shares disposed of according to the filing?

The filing states the shares were withheld by the issuer to satisfy the reporting person's tax withholding obligations arising upon the vesting of restricted stock.

When was the Form 4 signed?

The Form 4 was signed on behalf of Michael James Lyons by an attorney-in-fact on 08/19/2025.