This is a routine director sale of shares acquired through equity compensation. The dollar amount is immaterial relative to market cap. No immediate trading action warranted; monitor for any subsequent Form 4 filings to confirm execution.
Price Chart
Executive Summary
Director Richard Burnett filed a Form 144 notice to sell 19,684 shares of Select Water Solutions (WTTR) Class A Common, with an estimated aggregate market value of $368,754.15. The shares were acquired via restricted stock vesting under a registered plan on May 4, 2019 (7,044 shares) and May 5, 2024 (12,640 shares), both for services rendered. This is a routine insider sale by a director, representing a small fraction of the company's $2.5B market cap, and does not signal material concern.
Key Facts
- Director Richard Burnett filed Form 144 to sell 19,684 shares of WTTR Class A Common.
- Estimated aggregate market value of the proposed sale is $368,754.15.
- Shares were acquired through restricted stock vesting on May 4, 2019 (7,044 shares) and May 5, 2024 (12,640 shares) for services rendered.
- The sale is to be executed through Morgan Stanley Smith Barney LLC.
- The filing is an advance notice of intent to sell; the actual sale may not occur.
Financial Impact
Proposed sale of 19,684 shares valued at approximately $368,754, representing roughly 0.015% of WTTR's $2.5B market cap.
Risk Factors
- Insider sale may signal personal liquidity needs rather than negative outlook, but any large uncharacteristic sale by key insiders should be monitored.
- Form 144 is only an intent to sell; the sale may not be executed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001950047-26-004508 |
| Document: 0001950047-26-004508-index.html | 0001950047-26-004508 |
| Document: 0001950047-26-004508.txt | 0001950047-26-004508 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $17.54 | awaiting T+5 | — | $18.75 (+6.90%) |
Oct 15, 2026 11d ago | 8-K | $18.58 $18.14 | ▼ −2.37% | ▼ −1.94% | $18.75 (+0.91%) |
Oct 13, 2026 13d ago | 8-K | $19.35 $18.76 | ▼ −3.05% | ▼ −1.90% | $18.75 (−3.10%) |
Oct 8, 2026 18d ago | SC 13G/A | $19.60 $18.20 | ▼ −7.14% | ▼ −6.87% | $18.75 (−4.34%) |
Sep 24, 2026 4w ago | 8-K | $19.84 $19.95 | ▲ +0.55% | ▲ +0.78% | $18.75 (−5.49%) |
Jul 1, 2026 16w ago | 144 | $17.99 $19.17 | ▼ −6.56% | ▼ −5.63% | $18.75 (−4.22%) |
Jun 11, 2026 19w ago | Institutional Cluster | $18.47 $18.04 | ▼ −2.33% | ▼ −2.76% | $18.75 (+1.52%) |
Jun 1, 2026 21w ago | 8-K | $18.86 $18.32 | ▼ −2.86% | ▲ +0.10% | $18.75 (−0.58%) |
May 21, 2026 22w ago | Insider Cluster | $19.28 $18.38 | ▲ +4.67% | ▲ +6.33% | $18.75 (+2.75%) |
May 14, 2026 23w ago | 144 | $18.96 $19.28 | ▲ +1.69% | ▲ +0.72% | $18.75 (−1.11%) |
US Market Status
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