WaterBridge CEO Jason Thomas Sells 18,036 Shares (Tax Withholding)

What Happened

• Jason Thomas, CEO of WaterBridge Infrastructure LLC, had 18,036 Class A shares withheld to satisfy tax withholding obligations related to the vesting and settlement of restricted share units (RSUs). The withholding was recorded as a disposition (code F) at $30.86 per share, for a total value of $556,591.

Key Details

• Transaction date: 2026-09-18; Form filed: 2026-09-22 (appears timely — within two business days).
• Price per share: $30.86; Shares withheld/disposed: 18,036; Gross value: $556,591.
• Shares owned after the transaction: Not specified in the filing.
• Footnote: Withholding was done by issuing fewer Class A shares at RSU settlement to cover tax obligations under the WaterBridge Long-Term Incentive Plan (tax-withholding, code F).
• This was not an open-market sale or purchase; it was a tax-withholding disposition on RSU settlement.

Context

• Withholding shares to cover taxes is a common, routine practice when RSUs vest and generally does not signal a CEO-initiated sell decision. The filing indicates a cashless-like withholding rather than a market sale or a new purchase.