WaterBridge (WBI) Bolling Fenner Withholds 9,182 Shares for Taxes

What Happened
Bolling Harrison Fenner, Executive Vice President and General Counsel of WaterBridge Infrastructure LLC, had 9,182 Class A shares withheld to satisfy tax withholding obligations tied to the vesting and settlement of restricted share units (RSUs). The shares were valued at $30.86 each, totaling $283,357. This is a routine tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-22.
• Shares withheld/disposed: 9,182 Class A shares at $30.86 per share; aggregate value $283,357.
• Transaction code: F (tax withholding in connection with RSU settlement).
• Footnote: Issuer withheld Class A shares that would otherwise have been issued to the reporting person to satisfy tax withholding obligations.
• Shares owned after the transaction: not disclosed in the provided filing.
• Filing timing: Form filed four days after the transaction date; the filing does not indicate a late-report flag in the supplied details.

Context
This was a cashless/tax-withholding action tied to RSU vesting, common when companies settle equity awards. Such withholdings reduce issuance of new shares to the insider and do not necessarily reflect a decision to liquidate holdings on the open market.