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Solaris Energy Infrastructure, Inc. Director's Dealing 2021

Nov 8, 2021

31437_dirs_2021-11-08_927a5749-317e-4f62-afc9-c43501205f8b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Solaris Oilfield Infrastructure, Inc. (SOI)
CIK: 0001697500
Period of Report: 2021-11-05

Reporting Person: BURKE JAMES R (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-11-05 Class A Common Stock C 50000 Acquired 78330 Direct
2021-11-05 Class A Common Stock S 50000 $8.30 Disposed 28330 Direct
2021-11-05 Class B Common Stock J 50000 Disposed 42734 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2021-11-05 Solaris Oilfield Infrastructure, LLC Units $ C 50000 Disposed Class A Common Stock (50000) Direct

Footnotes

F1: Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Solaris Oilfield Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed May 17,2017 (the "Solaris LLC Agreement"), the Shares of the Issuer's Class B common stock reported herein were cancelled for no consideration on a one-for-one basis upon the redemption by the Reporting Person of units in Solaris LLC ("Solaris LLC Units") (together with a corresponding number of shares of Class B common stock) for the shares of the Issuer's Class A common stock reported herein.

F2: Includes 15,687 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.

F3: The Price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.25 to $8.61, inclusive. The reporting person undertakes to provide Solaris Oilfield Infrastructure, Inc., any security holder of Solaris Oilfield Infrastructure, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4.

F4: Each share of Class B common stock has no economic rights but entitles the holder to one vote on all matters to be voted on by the stockholders generally.

F5: Subject to the Solaris LLC Agreement, the Solaris LLC Units (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for shares of Class A common stock of the Issuer.