WTTR · Select Water Solutions, Inc.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Represents shares to be withheld by Select Water Solutions, Inc. (the "Issuer") to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.

Reflects shares of Class A Common Stock of the Issuer ("Class A Shares") sold by Crestview Partners II SES Investment B, LLC ("Crestview II SES B").

Reflects Class A Shares directly beneficially owned by Crestview II SES B.

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B, the "Crestview Entities") through Legacy Holdings.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Reflects shares of Class A Common Stock of the Issuer ("Class A Shares") sold by Crestview Partners II SES Investment B, LLC ("Crestview II SES B").

Represents Units of SES Holdings, indirectly owned by Crestview II SES through Legacy Holdings. The Units are redeemable by Legacy Holdings at any time in exchange for newly-issued Class A Shares on a one-for-one basis (subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions) (or, at the election of SES Holdings or the Issuer, cash in an amount equal to the Cash Election Value of such Class A Shares (as defined in the SES Holdings LLC Agreement to be the trailing 10-day VWAP of the Class A Shares)).

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B, the "Crestview Entities") through Legacy Holdings.

Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and the Class B Shares and Common LLC Units of SES Holdings indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B, the "Crestview Entities") through Legacy Holdings.

Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and the Class B Shares and Common LLC Units of SES Holdings indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Reflects the redemption (the "Redemption") by the Reporting Persons of Common LLC Units ("Units") of SES Holdings, LLC ("SES Holdings"), a subsidiary of the Issuer, indirectly owned by Crestview Partners II SES Investment, LLC ("Crestview II SES") through SES Legacy Holdings, LLC ("Legacy Holdings").

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B, the "Crestview Entities") through Legacy Holdings.

Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and the Class B Shares and Common LLC Units of SES Holdings indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Reflects the redemption (the "Redemption") by the Reporting Persons of Common LLC Units ("Units") of SES Holdings, LLC ("SES Holdings"), a subsidiary of the Issuer, indirectly owned by Crestview Partners II SES Investment, LLC ("Crestview II SES") through SES Legacy Holdings, LLC ("Legacy Holdings").

Reflects the cancellation for no consideration of a number shares of Class B Common Stock of the Issuer ("Class B Shares") indirectly owned by Crestview II SES through Legacy Holdings equal to the number of Units redeemed by the Reporting Persons pursuant to their terms in connection with the Redemption.

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B, the "Crestview Entities") through Legacy Holdings.

Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and the Class B Shares and Common LLC Units of SES Holdings indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

This transaction was executed in multiple trades at prices ranging from $18.70 USD to $18.79 USD; the price reported above reflects the weighted average sale price. The reporting person undertakes to provide to Select Water Solutions, Inc., a Delaware corporation (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

This transaction was executed in multiple trades at prices ranging from $18.70 USD to $18.795 USD; the price reported above reflects the weighted average sale price. The reporting person undertakes to provide to Select Water Solutions, Inc., a Delaware corporation (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

This transaction was executed in multiple trades at prices ranging from $17.52 USD to $18.10 USD; the price reported above reflects the weighted average sale price. The reporting person undertakes to provide to Select Water Solutions, Inc., a Delaware corporation (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

This transaction was executed in multiple trades at prices ranging from $16.715 USD to $17.610 USD; the price reported above reflects the weighted average sale price. The reporting person undertakes to provide to Select Water Solutions, Inc., a Delaware corporation (the "Issuer'), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

This transaction was executed in multiple trades at prices ranging from $16.55 USD to $16.95 USD; the price reported above reflects the weighted average sale price. The reporting person undertakes to provide to Select Water Solutions, Inc., a Delaware corporation (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027.

These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027.

These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027.

These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027.

These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027.

These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027.

Reflects 569,760 shares of Class A Common Stock of the Issuer ("Class A Shares") sold by Crestview Partners II SES Investment B, LLC ("Crestview II SES B"), and 96,223 Class A Shares sold by Crestview Advisors, L.L.C.

Reflects 3,233,212 Class A Shares directly beneficially owned by Crestview II SES B.

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B and Crestview Advisors, L.L.C., the "Crestview Entities") through Legacy Holdings.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Reflects 569,760 shares of Class A Common Stock of the Issuer ("Class A Shares") sold by Crestview Partners II SES Investment B, LLC ("Crestview II SES B"), and 96,223 Class A Shares sold by Crestview Advisors, L.L.C.

Represents Units of SES Holdings, indirectly owned by Crestview II SES through Legacy Holdings. The Units are redeemable by Legacy Holdings at any time in exchange for newly-issued Class A Shares on a one-for-one basis (subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions) (or, at the election of SES Holdings or the Issuer, cash in an amount equal to the Cash Election Value of such Class A Shares (as defined in the SES Holdings LLC Agreement to be the trailing 10-day VWAP of the Class A Shares)).

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B and Crestview Advisors, L.L.C., the "Crestview Entities") through Legacy Holdings.

Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and Crestview Advisors, L.LC. and the Class B Shares and Common LLC Units of SES Holdings indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B and Crestview Advisors, L.L.C., the "Crestview Entities") through Legacy Holdings.

Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and Crestview Advisors, L.LC. and the Class B Shares and Common LLC Units of SES Holdings indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Reflects the redemption (the "Redemption") by the Reporting Persons of Common LLC Units ("Units") of SES Holdings, LLC ("SES Holdings"), a subsidiary of the Issuer, indirectly owned by Crestview Partners II SES Investment, LLC ("Crestview II SES") though SES Legacy Holdings, LLC ("Legacy Holdings").

Reflects the cancellation for no consideration of a number shares of Class B Common Stock of the Issuer ("Class B Shares") indirectly owned by Crestview II SES though Legacy Holdings equal to the number of Units redeemed by the Reporting Persons pursuant to their terms in connection with the Redemption.

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B and Crestview Advisors, L.L.C., the "Crestview Entities") through Legacy Holdings.

Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and Crestview Advisors, L.LC. and the Class B Shares and Common LLC Units of SES Holdings indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Reflects the redemption (the "Redemption") by the Reporting Persons of Common LLC Units ("Units") of SES Holdings, LLC ("SES Holdings"), a subsidiary of the Issuer, indirectly owned by Crestview Partners II SES Investment, LLC ("Crestview II SES") though SES Legacy Holdings, LLC ("Legacy Holdings").

Represents Class B Shares indirectly beneficially owned by Crestview II SES (together with Crestview II SES B and Crestview Advisors, L.L.C., the "Crestview Entities") through Legacy Holdings.

Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares held by Crestview II SES B and Crestview Advisors, L.LC. and the Class B Shares and Common LLC Units of SES Holdings indirectly held by Crestview II SES. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Common LLC Units held by the Crestview Entities, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the Chairman of the investment committee.

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on April 1, 2028.

These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest 1/3 on April 1, 2027, 1/3 on April 1, 2028, and 1/3 on April 1, 2029.

Represents shares to be withheld by Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.

The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied.

Represents shares to be withheld by Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.

Represents shares to be withheld by Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.

The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied.

Represents shares to be withheld by Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.

The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied.

The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied.

Represents shares to be withheld by Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.

The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied.

Represents shares to be withheld by Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.

The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied.

Represents shares to be withheld by Select Water Solutions, Inc. (the "Issuer") to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.

Represents shares to be withheld by Select Water Solutions, Inc. (the "Issuer") to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.