Burnett Richard Alan 4

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.