Select Water (WTTR) EVP granted 32,552 shares, withholds 14,694

Rhea-AI Filing Summary

Select Water Solutions EVP Cody Ortowski reported equity compensation and related tax withholding in Class A common stock. He received a grant of 32,552 shares of restricted stock at no cost under the company’s 2024 Equity Incentive Plan. These shares will vest in three equal installments on February 24, 2027, February 24, 2028, and February 24, 2029.

To cover tax obligations from the vesting of prior restricted stock, 14,694 shares were withheld by Select Water Solutions at a price of $13.65 per share as a tax-withholding disposition. After these transactions, Ortowski directly owns 402,372 shares of Class A common stock.

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^*

Ortowski Cody

(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, Business Strategy

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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	02/24/2026		A(1)		32,552	A	$0.00	417,066	D
Class A Common Stock	02/24/2026		F(2)		14,694	D	$13.65	402,372	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. These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest 1/3 on February 24, 2027, 1/3 on February 24, 2028, and 1/3 on February 24, 2029.

2. Represents shares to be withheld by Select Water Solutions, Inc. (the "Issuer") to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.

Remarks:

	/s/ Ortowski, Cody J by Calla Hackler, as Attorney-in-Fact	02/26/2026
	** 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.
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FAQ

What did WTTR EVP Cody Ortowski report in this Form 4?

Cody Ortowski reported a grant of 32,552 restricted shares and a tax-withholding disposition of 14,694 shares. The grant was made under Select Water Solutions’ 2024 Equity Incentive Plan and involved Class A common stock.

How many Select Water (WTTR) shares did Ortowski receive and on what terms?

Ortowski received 32,552 shares of restricted Class A common stock at no cost. The restricted stock vests in three equal installments on February 24, 2027, February 24, 2028, and February 24, 2029, under the 2024 Equity Incentive Plan.

Why were 14,694 WTTR shares disposed of in this filing?

The 14,694 shares were withheld by Select Water Solutions to satisfy Ortowski’s tax withholding obligations. These obligations arose upon the vesting of certain previously granted restricted stock, and the shares were valued at $13.65 each for this tax-withholding transaction.

What is Cody Ortowski’s Select Water (WTTR) share ownership after these transactions?

Following the reported restricted stock grant and tax-withholding disposition, Ortowski directly owns 402,372 shares of Select Water Solutions Class A common stock. This total reflects both the new grant and the shares withheld for tax purposes in the Form 4.

Under which plan was the WTTR restricted stock granted to Ortowski?

The restricted stock grant to Ortowski was made under the Select Water Solutions, Inc. 2024 Equity Incentive Plan. This plan provides equity-based awards, including restricted stock, which in this case vests over three years from 2027 through 2029.

Is the share disposition in Ortowski’s Form 4 an open-market sale of WTTR stock?

No, the disposition is not an open-market sale. The 14,694 shares represent stock withheld by Select Water Solutions to cover Ortowski’s tax liabilities triggered by restricted stock vesting, as described in the filing’s footnote.