Burnett Richard Alan 4
4 · Select Water Solutions, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Select Water Solutions (WTTR) Director Richard Burnett Sells 65,000 Shares
What Happened
Richard Alan Burnett, a director of Select Water Solutions, sold a total of 65,000 shares in two open-market transactions: 19,684 shares on May 14, 2026 for a weighted average of $18.73 ($368,681) and 45,316 shares on May 15, 2026 for a weighted average of $18.74 ($849,222). Total gross proceeds were approximately $1,217,903. These were outright sales (not purchases or option exercises).
Key Details
- Transaction dates and prices: May 14, 2026 — 19,684 shares at $18.73 (weighted avg; price range $18.70–$18.795 per footnote F1); May 15, 2026 — 45,316 shares at $18.74 (weighted avg; range $18.70–$18.79 per footnote F2).
- Total shares sold: 65,000; total proceeds ≈ $1.22M.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Both transactions were executed in multiple trades; the reported prices are weighted averages and the filer offers to provide a per-trade breakdown on request.
- Filing timeliness: Report filed May 18, 2026 — within the Form 4 two-business-day filing window for the reported trades.
Context
Sales by directors can be routine (e.g., liquidity, diversification, or personal reasons) and do not by themselves indicate company performance. No 10b5‑1 plan, gift, exercise, or tax‑withholding detail is noted in the provided excerpt. Retail investors should consider these sales alongside broader insider activity and company fundamentals.
Insider Transaction Report
- Sale
Class A Common Stock
[F1]2026-05-14$18.73/sh−19,684$368,681→ 116,894 total - Sale
Class A Common Stock
[F2]2026-05-15$18.74/sh−45,316$849,222→ 71,578 total
Footnotes (2)
- [F1]This transaction was executed in multiple trades at prices ranging from $18.70 USD to $18.795 USD; the price reported above reflects the weighted average sale price. The reporting person undertakes to provide to Select Water Solutions, Inc., a Delaware corporation (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- [F2]This transaction was executed in multiple trades at prices ranging from $18.70 USD to $18.79 USD; the price reported above reflects the weighted average sale price. The reporting person undertakes to provide to Select Water Solutions, Inc., a Delaware corporation (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.