Select Water (NYSE: WTTR) EVP updates holdings after PSU vesting

Rhea-AI Filing Summary

Select Water Solutions EVP, Business Strategy Cody Ortowski reported equity compensation activity involving Class A common stock. On February 9, 2026, he acquired 20,005 shares at $0.00 when performance share units granted in 2023 vested after meeting performance conditions.

On the same date, 8,393 shares were withheld at $12.96 per share to cover related tax obligations. After these transactions, he directly held 384,514 shares and indirectly beneficially owned 1,120,437 shares through Proactive Investments, LP.

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^*

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)
02/09/2026

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	02/09/2026		A(1)		20,005	A	$0.00	392,907	D
Class A Common Stock	02/09/2026		F(2)		8,393	D	$12.96	384,514	D
Class A Common Stock								1,120,437	I	By Proactive Investments, LP

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. The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied.

2. Represents shares to be withheld by Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.

Remarks:

	/s/ Ortowski, Cody J by Calla Hackler, as Attorney-in-Fact	02/10/2026
	** 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.

FAQ

What insider transaction did WTTR executive Cody Ortowski report?

Cody Ortowski reported equity compensation activity involving Select Water Solutions Class A common stock. On February 9, 2026, performance share units vested into 20,005 shares, and 8,393 shares were withheld by the company to satisfy associated tax withholding obligations arising from that vesting.

How many Select Water Solutions (WTTR) shares did the EVP acquire and at what price?

He acquired 20,005 shares of Select Water Solutions Class A common stock at a reported price of $0.00 per share. These shares represent performance share units granted on February 24, 2023, that vested after the specified performance conditions were satisfied for the award.

Why were 8,393 WTTR shares withheld from Cody Ortowski?

The 8,393 shares of Select Water Solutions Class A common stock were withheld to cover tax withholding obligations. Those obligations arose when the performance share units vested, and the issuer retained shares valued at $12.96 each instead of delivering that portion to the reporting person.

How many WTTR shares does Cody Ortowski own directly after these transactions?

Following the reported transactions, Cody Ortowski directly beneficially owned 384,514 shares of Select Water Solutions Class A common stock. This figure reflects the net amount after the 20,005-share PSU vesting and the withholding of 8,393 shares for related tax obligations on February 9, 2026.

What is Cody Ortowski’s indirect ownership in WTTR through Proactive Investments, LP?

In addition to his direct holdings, the filing shows indirect beneficial ownership of 1,120,437 shares of Select Water Solutions Class A common stock. These shares are held “By Proactive Investments, LP,” and are reported as indirectly owned as of the same reporting date for this Form 4.

What role does Cody Ortowski hold at Select Water Solutions (WTTR)?

The reporting person, Cody Ortowski, is identified as an officer of Select Water Solutions with the title “EVP, Business Strategy.” This executive position is disclosed in the relationship section of the Form 4, which also notes the filing is made by one reporting person.