WTTR Select Water Solutions, Inc. Insider Trading

Crestview Partners II Gp, LP sold 3,250,000 shares (100% of holdings) for $61,490,000.00 at $18.92/share

Crestview Partners II Gp, LP, a 10% owner, executed 2 separate sales totaling 3,250,000 shares for $61,490,000.00 on 2026-05-19 at a blended average price of $18.92, reducing its holding to 0 shares. The current price of $19.64 represents -4.1% from the 52-week high of $20.48, and the stock has posted +27.1% gains over 30 days and +54.3% over 90 days. At the same ticker, the insider's prior 2 trades (both on 2026-04-08) each showed 30d returns of +11.1% and 90d returns of +31.6%, with 0 of 2 prior sells well-timed at the 90-day mark, reflecting a pattern where post-sale price appreciation has followed these transactions. The complete liquidation of a material 10% stake warrants investor attention to any associated disclosure regarding the motivations or plans of this significant shareholder.

Director Burnett Richard Alan sold 65,000 shares (47.6% reduction) in 2 transactions for $1,217,903.16 at WTTR

Richard Alan Burnett, a Director at Select Water Solutions, Inc., executed two separate sales on consecutive trading days, disposing of 65,000 shares for a combined $1,217,903.16 at a blended average price of $18.74. This represents a 47.6% reduction in his pre-transaction holdings from 136,578 shares to 71,578 shares. The stock trades at $19.56 currently, compared to the 52-week high of $19.04 and within the 52-week range of $7.82–$19.04, and has posted significant recent momentum: +31.5% over 30 days and +47.5% over 90 days. The company carries a P/E of 36.22 against a market cap of $788.9M and latest-quarter revenue of $365,958,000.00, though annual revenue growth contracted by 3.1% year-over-year. A substantial and concentrated reduction in a director-level stake during a period of elevated share price momentum merits attention to underlying company fundamentals and the director's confidence trajectory.

EVP & COO Skarke sells 110,000 shares for $1.9M as WTTR rallies; continuation of prior selling pattern.

Michael Skarke, the company's EVP and COO, executed two sales totaling 110,000 shares over two days, disposing of roughly a quarter of his holdings. The stock was trading near its 52-week high and has rallied sharply over the prior three months, creating a backdrop where an executive might decide to take chips off the table. However, this is not Skarke's first open-market sale in recent years—this marks his third and fourth sales in the 36-month window, suggesting a deliberate pattern of piecemeal reduction rather than a one-time rebalancing. The company itself is profitable and growing meaningfully, so the sales do not reflect fundamental distress. Without additional context on Skarke's overall compensation, equity vesting schedule, or stated reasons for the transactions, the sales read as portfolio management rather than a red flag on company trajectory. That said, a C-suite executive reducing holdings while the stock is near highs warrants watching to see if other insiders follow suit.