Delaware Energy LLC

Delaware Energy LLC exits 100% of ARIS stake, selling 3.22M shares for $83.2M at $25.81

Delaware Energy LLC, a 10% owner of Aris Water Solutions, executed a complete liquidation of its position on 2024-12-13, selling 3,223,670 shares for $83,202,922.70 at $25.81 per share. The sale eliminated the investor's entire 3.22M-share holding, marking a total exit from the company. The transaction occurred when the stock was trading 1.3% below its 52-week high of $29.80 and follows a strong 30-day rally of +16.5% and 90-day surge of +95.4%, which provided favorable conditions for the exit. The seller's cross-ticker track record shows a 100% well-timed rate on prior sells, with the prior ARIS trade on 2022-08-01 also posting negative 90-day returns, suggesting a pattern of exiting before or during downturns rather than at valley floors.

Delaware Energy LLC sold 3,223,670 shares (50% of holdings) at $18.42 on 2022-08-01; stock now $25.53 (+38% since sale)

On 2022-08-01, Delaware Energy LLC, a 10% owner of ARIS, executed a substantial sale of 3,223,670 shares at $18.42, reducing its stake from 6,447,340 shares to 3,223,670 shares—a 50% reduction in holdings. The transaction raised $59,380,001.40. Since that date, ARIS stock has appreciated to $25.53, representing a 38% appreciation from the sale price, indicating the insider sold before a subsequent material price advance. This poorly-timed exit by a major shareholder suggests the sale was driven by liquidity or portfolio considerations rather than a signal of fundamental concern at the price level executed.