The cluster is dominated by Crestview Partners' $11.68M sale, which may reflect portfolio rebalancing rather than a bearish view on WTTR fundamentals. However, the sustained selling pattern (7 sells totaling $15.6M in the prior 30 days) and the non-cash conversion/disposal of 2.63M shares by Crestview suggest ongoing distribution. Monitor for additional insider filings and the next earnings report for any operational deterioration.
Price Chart
Executive Summary
A cluster of insider selling at Select Water Solutions (WTTR) totaling $12.88M over a 7-day window, dominated by a $11.68M open-market sale from 10% owner Crestview Partners. The selling represents approximately 0.48% of the company's $2.7B market cap, near the upper end of the 'modest' proportionality band. While the dollar amount is notable, the selling is concentrated in a single large holder (Crestview) and a director, with no C-suite participation beyond the EVP & COO's routine-sized $356K sale. The cross-filing actuarial verdicts are all amplifiers, supporting a modest impact score.
Key Financial Metrics
Key Facts
- Total insider selling of $12.88M over 7 days, representing ~0.48% of $2.7B market cap
- Crestview Partners (10% owner) sold 617,240 shares at $18.92 for $11.68M on May 19
- Director Richard Alan Burnett sold 45,300 shares at $18.74 for $849K on May 15
- EVP & COO Michael Skarke sold 20,000 shares at $17.78 for $356K on May 12
- Crestview also converted and disposed of 2.63M shares in non-cash transactions on May 19
- Prior 30-day insider activity: 7 sells totaling $15.6M, indicating sustained selling pressure
Financial Impact
Insider selling of $12.88M, or ~0.48% of market cap, concentrated in a single 10% owner and a director
Risk Factors
- Continued selling by Crestview Partners could pressure the stock
- Insider selling may signal lack of confidence ahead of upcoming earnings or operational headwinds
- The non-cash derivative conversions by Crestview could precede further open-market sales
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WTTR-1779410947508 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $17.54 | awaiting T+5 | — | $19.39 (+10.55%) |
Oct 15, 2026 11d ago | 8-K | $18.58 $18.14 | ▼ −2.37% | ▼ −1.94% | $19.39 (+4.36%) |
Oct 13, 2026 14d ago | 8-K | $19.35 $18.76 | ▼ −3.05% | ▼ −1.90% | $19.39 (+0.21%) |
Oct 8, 2026 18d ago | SC 13G/A | $19.60 $18.20 | ▼ −7.14% | ▼ −6.87% | $19.39 (−1.07%) |
Sep 24, 2026 4w ago | 8-K | $19.84 $19.95 | ▲ +0.55% | ▲ +0.78% | $19.39 (−2.27%) |
Jul 1, 2026 16w ago | 144 | $17.99 $19.17 | ▼ −6.56% | ▼ −5.63% | $19.39 (−7.78%) |
Jun 11, 2026 19w ago | Institutional Cluster | $18.47 $18.04 | ▼ −2.33% | ▼ −2.76% | $19.39 (+4.98%) |
Jun 1, 2026 21w ago | 8-K | $18.86 $18.32 | ▼ −2.86% | ▲ +0.10% | $19.39 (+2.81%) |
May 21, 2026 22w ago | Insider Cluster | $19.28 $18.38 | ▲ +4.67% | ▲ +6.33% | $19.39 (−0.57%) |
May 14, 2026 23w ago | 144 | $18.96 $19.28 | ▲ +1.69% | ▲ +0.72% | $19.39 (+2.27%) |
US Market Status
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