President & CEO Schmitz John was granted 250,000 shares, increasing direct ownership by 87% to 536,436 units (SEC Form 4)
$WTTR
Oilfield Services/Equipment
Energy
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
| |||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Issuer Name and Ticker or Trading Symbol
Select Water Solutions, Inc. [ WTTR ] | 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
| |||||||||||||||||||||||||
| 2a. Foreign Trading Symbol
| |||||||||||||||||||||||||||
| 3. Date of Earliest Transaction
(Month/Day/Year) 07/16/2026 | 6. Individual or Joint/Group Filing (Check Applicable Line)
| ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed
(Month/Day/Year) |
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 07/16/2026 | A(1) | 250,000 | A | $0.00 | 536,436 | D | |||
| Class A Common Stock | 274,138 | I | By GRAT(2) | |||||||
| Class A Common Stock | 274,137 | I | By GRAT(3) | |||||||
| Class A Common Stock | 497,924 | I | By GRAT(4) | |||||||
| Class A Common Stock | 497,924 | I | By GRAT(5) | |||||||
| Class A Common Stock | 13,126 | I | By B-29 GP, LLC | |||||||
| Class A Common Stock | 249,243 | I | By B-29 Investments, LP | |||||||
| Class A Common Stock | 1,496,626 | I | By Family Trust | |||||||
| Class A Common Stock | 31,372 | I | By Family Trust for Child 1 | |||||||
| Class A Common Stock | 31,373 | I | By Family Trust for Child 2 | |||||||
| Class A Common Stock | 31,373 | I | By Family Trust for Child 3 | |||||||
| Class A Common Stock | 31,372 | I | By Family Trust for Child 4 | |||||||
| Class A Common Stock | 31,373 | I | By Family Trust for Child 5 | |||||||
| Class A Common Stock | 31,373 | I | By Family Trust for Child 6 | |||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance Share Units | (6)(7) | 07/16/2026 | (7) | A | 125,000(7) | (7) | (7) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Performance Share Units | (6)(8) | 07/16/2026 | (8) | A | 125,000(8) | (8) | (8) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Performance Share Units | (6)(9) | 07/16/2026 | (9) | A | 125,000(9) | (9) | (9) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Performance Share Units | (6)(10) | 07/16/2026 | (10) | A | 125,000(10) | (10) | (10) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Performance Share Units | (6)(11) | 07/16/2026 | (11) | A | 125,000(11) | (11) | (11) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Performance Share Units | (6)(12) | 07/16/2026 | (12) | A | 125,000(12) | (12) | (12) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Performance Share Units | (6)(13) | 07/16/2026 | (13) | A | 125,000(13) | (13) | (13) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Performance Share Units | (6)(14) | 07/16/2026 | (14) | A | 125,000(14) | (14) | (14) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Performance Share Units | (6)(15) | 07/16/2026 | (15) | A | 125,000(15) | (15) | (15) | Class A Common Stock | 125,000 | $0.00 | 125,000 | D | |||
| Explanation of Responses: |
| 1. These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan (the "Plan"), will vest 1/2 on July 16, 2028, and 1/2 on October 1, 2028. |
| 2. Shares are held directly by the John David Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee. |
| 3. Shares are held directly by the Sandra Lee Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee. |
| 4. Shares are held directly by the John David Schmitz 2026 Annuity Trust DTD May 19, 2026, of which the reporting person is the trustee. |
| 5. Shares are held directly by the Sandra Lee Schmitz 2026 Annuity Trust DTD May 19, 2026, of which the reporting person is the trustee. |
| 6. Each performance share unit ("PSU") represents a contingent right to receive one share of Class A common stock of Select Water Solutions, Inc. (the "Issuer"), par value $0.01 per share ("Common Stock"), pursuant to the Plan. |
| 7. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2026 to December 31, 2026, and if earned, shall vest on January 1, 2029. |
| 8. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from January 1, 2027 to March 31, 2027, and if earned, shall vest on January 1, 2029. |
| 9. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from April 1, 2027 to June 30, 2027, and if earned, shall vest on January 1, 2029. |
| 10. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from July 1, 2027 to September 30, 2027, and if earned, shall vest on January 1, 2029. |
| 11. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2027 to December 31, 2027, and if earned, shall vest on January 1, 2029. |
| 12. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from January 1, 2028 to March 31, 2028, and if earned, shall vest on January 1, 2029. |
| 13. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from April 1, 2028 to June 30, 2028, and if earned, shall vest on January 1, 2029. |
| 14. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from July 1, 2028 to September 30, 2028, and if earned, shall vest on January 1, 2029. |
| 15. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2028 to December 31, 2028, and if earned, shall vest on January 1, 2029. |
| Remarks: |
| /s/ John D Schmitz by Calla J Hackler, as Attorney-in-Fact | 07/20/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
| * Form 4: SEC 1474 (03-26) | ||