On April 8, 2026, eight insiders associated with Crestview entities sold a significant number of shares in Select Water Solutions, Inc. (WTTR). The transactions, executed at a price of $15.12 per share, aggregated to approximately $187.26 million.
The selling parties included Crestview Partners II GP, L.P., Crestview Advisors, L.L.C., Crestview Partners II SES Investment B, LLC, and Crestview Partners II SES Investment, LLC. These sales represent substantial divestments from entities holding over 10% ownership in the company.
While insider selling can stem from various personal or financial reasons such as diversification or tax planning, a coordinated sale of this magnitude by multiple related insiders can draw market attention. The exact motivations behind these transactions were not disclosed.