WBI WaterBridge Infrastructure LLC Insider Trading

Waterbridge Resources LLC sold 5,894,826 shares (5.89M) at $30.05 for $177.1M; retains 1,980,921 non-derivative shares plus 51,762,663 derivative units

Waterbridge Resources LLC, a 10% owner, sold 5,894,826 shares (5.89M shares) at $30.05 on 2026-06-22 for total value of $177,139,521.30 ($177.1M), reducing non-derivative holdings by 74.8% from 7,875,747 shares to 1,980,921 shares. However, the insider retains substantial derivative exposure through 51,762,663 WBI Operating LLC Units, meaning the underlying economic stake remains significant despite the substantial non-derivative share reduction. The sale occurred near the 52-week high (currently -17.2% from the $36.21 peak), and the company shows strong growth fundamentals with annual revenue growth of +66.2% and latest quarterly revenue of $200,977,000.00 ($201.0M), though near-term momentum has declined with a 30-day price change of -3.8%.

WBR Holdings LLC sold 5,894,826 shares (5.89M) of WBI at $30.05 for $177,139,521.30; retains 51,762,663 derivative shares

WBR Holdings LLC, a 10% owner, sold 5,894,826 shares of WaterBridge Infrastructure at $30.05 on 2026-06-22, reducing its non-derivative holdings from 7,875,747 to 1,980,921 shares (-74.8% of pre-transaction holdings). However, the insider retains substantial derivative holdings of 51,762,663 shares through WBI Operating LLC Units, meaning this represents a partial reduction of direct equity rather than an exit of the overall position. The transaction occurred when WBI's stock stood at -17.2% from its 52-week high of $36.21, and WBI itself reported strong fundamentals with annual revenue growth of +66.2%, though net income of $3,515,000 represents a relatively modest earnings conversion on the latest quarterly revenue of $200,977,000. The scale of this sale—$177.1M—reflects a significant liquidity event for a major shareholder, warranting investor scrutiny into the motivations and timing dynamics within the broader context of the company's strong growth trajectory.

Director David N Capobianco sold 5,894,826 shares of WBI at $30.05 for $177.1M; retains 1,980,921 non-derivative shares plus 51,762,663 WBI Operating LLC Units

Director David N Capobianco sold 5,894,826 shares at $30.05 on 2026-06-22, reducing his non-derivative holdings by 74.8% while retaining substantial derivative holdings of 51,762,663 WBI Operating LLC Units. The sale occurred at $30.05 while the current market price stands at $29.98, which is 17.2% below the 52-week high of $36.21. Across his open-market history (2 prior sells), Capobianco's average 90-day return after sales was −18.1%, with a 100.00% well-timed rate, indicating his prior sales have generally preceded stock declines. WBI's fundamentals show robust growth with annual revenue growth of +66.2%, though current-period net income of $3.5M on $201.0M revenue reflects modest profitability margins despite scale.

WBI insider Reitz bought 4,865 shares at $20.49; stock down 30.7% from 52-week high; 3-insider cluster buy pattern in 14 days

Michael Howard Reitz JR purchased 4,865 shares of WaterBridge Infrastructure at $20.49 on 2026-01-06, expanding his holdings from 95,000 to 99,865 shares. The transaction occurs while the stock has declined 30.7% from its 52-week high of $27.07 and trades 13.8% lower than 30 days ago. Notably, 3 other insiders also bought within the past 14 days, forming a cluster buy pattern that suggests coordinated confidence among the insider group despite recent price weakness. The company's latest quarterly results show $123.2M in revenue but a $667.0K net loss, warranting attention to whether the insider purchases reflect conviction in a recovery narrative or merely counter-trend buying during a correction.

CEO Jason Thomas bought 5,000 WBI shares at $19.84 on 2026-01-05; stock down -30.7% from 52-week high; 3 other insiders also bought within 14 days.

Jason Thomas, Chief Executive Officer of WaterBridge Infrastructure LLC, purchased 5,000 shares at $19.84, increasing his holdings from 137,500 to 142,500 shares. The transaction occurs in an environment where the stock has declined -30.7% from its 52-week high of $27.07 and is off -13.8% over the past 30 days. Notably, 3 other insiders also bought within the past 14 days, forming a cluster buy pattern that suggests coordinated or at minimum aligned conviction among the leadership group. The company reported revenue of $123.2M in the latest quarter but posted a net loss of $-667.0K, indicating operational headwinds that may be context for the insider activity timing.

McNeely Scott Lloyd buys 1,278 shares at $19.56; 3 insiders also bought in 14 days as stock down 30.7% from high

McNeely Scott Lloyd purchased 1,278 shares of WBI at $19.56 on 2026-01-06, increasing holdings by 1.7% to 76,278 shares total. The transaction occurred in a context of significant price weakness: WBI trades at $18.76, down 30.7% from its 52-week high of $27.07 and down 26.5% over 90 days. Notably, a cluster pattern has emerged with 3 other insiders also buying within the past 14 days, suggesting coordinated accumulation at depressed levels. This contrasts with company fundamentals showing net income of $-667,000.00 against $123,250,000.00 in quarterly revenue, indicating operational challenges that may warrant investor scrutiny of insider motivations and near-term catalysts.

Bolling Harrison Fenner bought 2,000 shares of WBI at $19.98; stock down 30.7% from 52-week high; cluster of 3 other insiders also bought in past 14 days.

Bolling Harrison Fenner purchased 2,000 shares at $19.98 on 2026-01-05, adding to holdings of 70,000 shares and increasing position by 2.9%. The timing coincides with significant price weakness: the stock has fallen 30.7% from its 52-week high of $27.07 and is down 26.5% over the past 90 days. Notably, 3 other insiders also purchased shares within the past 14 days, forming a cluster buy pattern that suggests coordinated or coincident conviction at depressed valuations. The company is currently unprofitable (net income of $-667,000.00 in the latest quarter), adding material risk context to the insider accumulation signal.

Director Gregory S Daily buys 75,000 shares of WBI at $20.00 for $1,500,000 post-IPO

Director Gregory S Daily purchased 75,000 shares at $20.00 on 2025-09-18, representing an initial position established just 4 trading days after WaterBridge Infrastructure's recent listing. The transaction represents a material $1,500,000 commitment at the IPO reference level, with the stock currently trading at $22.55 as of 2025-09-22. This insider acquisition in the immediate post-listing window by a board member represents a substantive show of commitment to the newly public entity. The absence of pre-transaction holdings indicates this is a fresh accumulation rather than a portfolio rebalancing.

Director Crane buys 300,000 shares for $6,000,000 at $20.00 in 2 transactions post-IPO

James R. Crane, a director of WaterBridge Infrastructure LLC, executed 2 purchases totaling 300,000 shares for $6,000,000.00 at a blended average price of $20.00 on 2025-09-18. The stock has traded only 4 days and is currently priced at $22.55. Notably, Crane held a negative position of -200,000 shares pre-transaction, meaning he cleared a short position and moved to a long position of 100,000 shares post-transaction. In a newly listed company with limited price history, a director's substantial $6.0M commitment and shift from short to long positioning warrants attention to the rationale and timing context, though the early-stage trading environment limits conventional benchmarking.