H2O AMERICA (HTO) Adviser Amends Filing — No Beneficial Ownership

What Happened
Atlas Infrastructure Partners (UK) Ltd (the Adviser) and related reporting persons filed an amended Form 4 clarifying they do not have, and at no time had, beneficial ownership of H2O AMERICA (HTO) common stock under Rule 16a-1(a)(1) of the Exchange Act. The Adviser is a registered investment adviser and any shares it holds are for third‑party investors; GIP ATLAS Holdings Ltd is the sole owner of the Adviser but does not exercise investment discretion. As a result, the reporting persons state they were not obligated to file under Section 16(a) and the transactions (if any originally reported) are not matchable under Section 16(b).

Key Details

• Filing type: Amended Form 4 (AMENDMENT)
• Period of report (transaction date): 2026-07-07
• Filing date: 2026-08-19 (amendment) — the original reporting timing was late relative to typical Section 16 deadlines, though the amendment states no filing obligation applied.
• Beneficial ownership after amendment: none (reporting persons disclaim beneficial ownership of common stock)
• Material points: Adviser relies on Rule 16a-1(a)(1)(v) exemption; shares held are for third‑party investors; Adviser did not acquire shares to influence control or enter arrangements under Rule 13d-3(b).

Context
This amendment is an administrative clarification by an institutional investment adviser and does not reflect an insider buy or sell signal. For retail investors, this filing does not indicate executive sentiment or a change in company control — it explains an exemption and removes potential Section 16 reporting implications.